Aberdeen is 'Definitely Not Pursuing' Delaware, Gilbert Says
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Monday, July 27, 2009

Aberdeen is 'Definitely Not Pursuing' Delaware, Gilbert Says

Aberdeen Asset Management's top executive has put an end to speculation regarding his firm's interest in purchasing Delaware Investments from Lincoln Financial Group.

Aberdeen was "definitely not pursuing" a deal to acquire Delaware, Reuters quoted Aberdeen CEO Martin Gilbert as saying on Monday.

"There is nothing at the moment, nothing happening," added Aberdeen chief financial officer Bill Rattray. "We think it is gone to someone else."

Australia-based Macquarie is reportedly the leading bidder for Delaware.

Gilbert said Aberdeen was on the lookout for deals in the U.S. to boost fund distribution, but added that "it is not something we are pursuing aggressively."

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