Jupiter Fund Snares Merian Global in $482 Million Deal

Feb.17 — Jupiter Fund Management snapped up rival U.K. Asset Manager Merian Global Investors as the industry faces pressure to consolidate. The British fund manager will pay $482 million through the issue of new Jupiter shares to Merion shareholders with an additional deferred performance payout according to a statement we got today. Bloomberg’s Sam Unsted reports on “Bloomberg Markets: European Open.”

Leave a Comment