British asset manager skyrockets after announcing plans to buy competitor

British asset manager Jupiter Fund Management is buying its rival.
Photo: Alastair Grant/AP/Ritzau Scanpix
Photo: Alastair Grant/AP/Ritzau Scanpix

Jupiter Fund Management skyrocketed on the shared European Stoxx 600 index market on Monday, after news broke that the British asset manager is purchasing competitor Merian Global Investors.

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