Aberdeen Asset Management announces U.S. and European acquisitions
Aberdeen Asset Management PLC ("Aberdeen") announces that it has reached an agreement to acquire 100 percent of the share capital of Artio Global Investors Inc. ("Artio"), a publicly listed asset management company (the "Transaction").The purchase consideration of approximately $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 as of Dec. 31, 2012. Artio is debt-free and had cash and seed investments of $136 million on its balance sheet as of Dec. 31, 2012. The purchase price will be payable in cash, financed