New Star and Artemis break off takeover talks

Tuesday 27 November 2001 at 16:00

New Star Asset Management and Artemis Investment Management have broken off takeover talks, following a clash of &quotentrepreneurial cultures&quot.

New Star, led by John Duffield, was tipped to pay £42m (€67.6m) in equity for Artemis, the Edinburgh-based firm led by Mark Tyndall, John Dodd, and Jamie Campbell.