Hundreds of jobs could be cut if an £11bn merger of two of Scotland’s biggest companies – Standard Life and Aberdeen Asset Management – goes ahead. Standard Life and Aberdeen are understood to have already held talks with the Scottish government about the proposed deal. Standard Life shareholders would own 66.7% of the combined company while Aberdeen shareholders would get 33.3%. Under the terms of the deal, Aberdeen shareholders would receive 0.757 new Standard Life shares for each Aberdeen share. Standard Life has fared better, and recently posted a 9% rise in operating profit before tax to £723m for 2016.

Source: The Guardian March 05, 2017 17:57 UTC