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Aberdeen Asset Management To Buy Artio Global Investors - Quick Facts

Aberdeen Asset Management PLC (ADN.L) said it reached an agreement to acquire Artio Global Investors Inc. a publicly listed asset management holding company. The transaction, which is currently expected to close by the end of the second quarter or early in the third quarter of 2013, is subject to customary closing conditions.

The company stated that purchase consideration of about $175 million is based on a price of $2.75 per share and represents a premium of $34 million over Artio's unaudited net asset value at 31 December 2012.

Artio purchase is expected to expand Aberdeen's North American business, deepen its distribution network in the region and add to its existing fixed income capabilities. Further, the acquisition is expected to be earnings enhancing from the outset.

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