Henderson Group (LON:HGG) , the global fund manager, confirmed speculation today that they are in talks with US asset manager RidgeWorth Capital Management.
Henderson said that they have been in recent discussions regarding the potential acquisition of some of RidgeWorth Capital Management's businesses, the US asset manager owned SunTrust Banks. The Group reviews a range of strategic opportunities from time to time. Discussions with SunTrust regarding a possible transaction are ongoing and there is no certainty that any transaction in relation to RidgeWorth will proceed.
By late morning Henderson's share price was up 2.3p to 148.6p - 1.5% higher than the market open. Henderson Group's principal place of business is in London and since December 2003 has been listed on the London Stock Exchange and Australian Securities Exchange - appearing in the FTSE 250 and ASX 200 indices. Henderson Group has approximately 125,000 shareholders worldwide. Since 31 October 2008, the Group has been incorporated in Jersey and is tax-resident in the Republic of Ireland.
