Buy Man, Numeric Holding Deal May Be Turning Point, Panmure Says
2014-05-29 07:15:14.210 GMT
By Gaurav Panchal
May 29 (Bloomberg) -- Man Group could boost profit by
GBP40m if rev. yield was 1% and Numeric Holding made 30%
operating margin, Panmure says after co. confirms it is in talks
about a deal.
**Says acquiring its way out of a tight corner is the right
thing for Man Group to do
**Man Group had excess capital of $1b at Dec. 13 so this would
be paid for in cash: Panmure
* RBC says transaction would be all-cash, no shares due to
large cash balance at Man; cash transactions are highly
accretive
* This deal would further diversify Man away from AHL, is
consistent with Man’s strategy to acquire a US-based
asset manager
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To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
Roger Neill
2014-05-29 07:15:14.210 GMT
By Gaurav Panchal
May 29 (Bloomberg) -- Man Group could boost profit by
GBP40m if rev. yield was 1% and Numeric Holding made 30%
operating margin, Panmure says after co. confirms it is in talks
about a deal.
**Says acquiring its way out of a tight corner is the right
thing for Man Group to do
**Man Group had excess capital of $1b at Dec. 13 so this would
be paid for in cash: Panmure
* RBC says transaction would be all-cash, no shares due to
large cash balance at Man; cash transactions are highly
accretive
* This deal would further diversify Man away from AHL, is
consistent with Man’s strategy to acquire a US-based
asset manager
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
Roger Neill