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Bids, Mergers and Takeovers

Aberdeen, Standard Life merger sanctioned

11 August 2017 13:54

Aberdeen Asset Management has announced that, at a hearing earlier today, the Court of Session in Edinburgh sanctioned the Scheme in respect of the merger with Standard Life.

All the Conditions to the merger have now been satisfied or waived other than the delivery to the Registrar of Companies in Scotland of a copy of the Court Order.

This is expected to take place on 14 August, at which point the Scheme will become effective.

At 1:54pm:

(LON:ADN) Aberdeen Asset Management PLC share price was -5.4p at 316.6p

(LON:SL.) Standard Life PLC share price was -7.95p at 418.85p

Story provided by StockMarketWire.com

Related Company: ADN

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