New Star Recommends Henderson's Gbp 115m Bid

Summary


CITY doyen John Duffield's beleaguered New Star Asset Management (NSAM) is recommending a takeover offer from rival fund manager Henderson for just 2p a share.

That compares with a market price for NSAM of more than 140p eight months ago - and 420p just before the credit crunch bit in August 2007.

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Extract


New Star Recommends Henderson's Gbp 115m Bid

The full GBP 115 million takeover price is ma...

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