Slaughter and May is advising Schroders plc on a recommended cash offer by Pantheon LLC, a newly incorporated subsidiary of Nuveen, LLC (a Teachers Insurance and Annuity Association of America company) for the entire issued and to be issued share capital of Schroders, to be effected by means of a court-sanctioned scheme of arrangement. The combined group will be one of the world’s largest global active asset managers, with nearly $2.5 trillion of AUM.
Under the terms of the offer, Schroders shareholders will be entitled to receive a total value of up to 612 pence per Schroders share, comprising cash consideration of 590 pence and permitted dividends of up to 22 pence in aggregate. The offer values Schroders at approximately £9.9 billion. Completion is currently expected during Q4 2026, following receipt of customary approvals.