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Aberdeen and Standard Life shares skyrocket on merger deal

The financial world was abuzz over the weekend, as news broke that Standard Life was in late-stage talks to acquire Aberdeen in an all-share merger.

By Monday, Standard Life revealed that it had agreed to buy Aberdeen for £3.8bn, creating the largest fund group in the UK and second-largest entity of its kind in Europe, with £660bn of assets under management.  

Shares in both companies spiked to year-to-date highs, reflecting the market’s unanimous approval of the match-up of the two rivals.

At the time of writing, Standard Life’s shares were up substantially by 5.8% to 400.3p, a level it had not reached since early December 2015.

Meanwhile, the value of Aberdeen’s shares had risen by 4.8% to 300p.

Last year was not smooth sailing for either firm. 

In the immediate Brexit aftermath, shares in Standard Life lost 22.6% of their value, falling from 343.3p per share to 265.8p.


Kristen McGachey

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor. This native Angelino...

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