Man Good Value For Buyer, UBS Says

Apr 24 2012 | 2:16pm ET

The Man Group is worth more than the market says, making it an attractive takeover target, according to UBS.

The bank's analysts said Man was trading at a 5% discount to the value of both its business and cash holdings, the UBS report says. Man's shares have lost 23% this year after dropping 58% last year.

Those declines and Man's "top-tier distribution network" in Asia make it an attractive target. BlackRock and Franklin Resources are among the possible bidders, UBS said.

"There is now a substantial risk of Man Group receiving a bid approach," UBS' Arnaud Giblat wrote. "Man Group would offer significant strategic value to an acquirer, as the group is well-positioned to benefit from the long-term structural trends in asset management."


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of