A 222-year-old U.K. firm to fall into American hands as Nuveen to buy Schroders for $14 billion

Core Viewpoint - Nuveen, a U.S. asset manager, has agreed to acquire Schroders, a 222-year-old U.K. asset management firm, for approximately $14 billion amid concerns about AI's potential disruption in the finance sector [1]. Group 1: Acquisition Details - The acquisition deal values Schroders at about £9.9 billion ($13.6 billion) with a purchase price of up to 612 pence per share [1]. - The transaction highlights the trend of U.S. firms expanding their presence in the U.K. financial market [1]. Group 2: Market Context - The deal occurs in a climate of increasing anxiety regarding the impact of artificial intelligence on the finance industry [1]. - The acquisition reflects ongoing consolidation within the asset management sector as firms adapt to technological advancements [1].