FTSE 100 wealth manager Schroders (SDR) has agreed a £10 billion takeover by US asset manager Nuveen. The offer represents a 34% premium to last night’s price and will create a group with $2.5 trillion of assets. Share price: 592p (+29.5%) PE: 18.4x Market cap: £9.3bn Yield: 4.7% Strong support Nuveen is offering 612p per … Continue reading Schroders agrees £10 billion takeover