Friday, 24 March 2017
Last updated 4 hours ago
Mar 22 2013 | 11:46am ET
Schroders is in talks to buy rival British fund manager Cazenove Capital Management.
Both firms confirmed that they are in talks about a deal. Schroders has until April 19 to announce whether it will make an offer, which would be either in cash or loan notes.
Cazenove, which is employee-owned, has about £18.7 billion in assets under management.