This is what it looks like when investment bankers play rugby.
, the Australian parent of Delaware Investments
plans to block Aberdeen's
play for a Scottish investment concern, reports Wall Street Journal
reports that the Australian firm plans to make a $800 million all-cash offer for the fund manager Scottish Widows Investment Partnership
. The newspaper notes that Aberdeen had emerged two weeks ago as a front-runner for buying SWIP, which is the fund management arm of Lloyds Banking Group
According to the Journal
, sources say that Lloyds is likely to reach a decision on the SWIP sale by Nov. 22.
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