02:57 AM EDT, 10/01/2026 (MT Newswires) -- The scheme of arrangement for Schroders' (SDR.L) takeover by Nuveen unit Pantheon took effect on Thursday, according to a same-day release. Under the terms of the agreement, the British asset manager's shareholders will receive 5.90 pounds sterling for each share held, with settlement scheduled for Oct. 15. Schroders will immediately pause trading on the London stock exhange, with its shares to be delisted on Friday.

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