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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of