Jupiter Fund Confirms ‘Advanced’ Talks to Buy Merian Global (2)

Jupiter Fund Management Plc confirmed it’s in advanced talks to acquire rival U.K. asset manager Merian Global Investors from private-equity firm TA Associates Management.

“The board of Jupiter sees this as an attractive opportunity to acquire a high quality independent active manager that would represent a strong fit with Jupiter in both investment management philosophy and culture,” the company said in a statement Saturday.

Bloomberg had reported that negotiations were under way, with a likely purchase price of less than 500 million pounds ($652 million) in cash and stock. Talks have been going on for “some time” and while ...