independent committee of directors was set up to negotiate the deal led by aberdeen assets manager martin gilbertnt treated martin, thank you for joining us. what are shareholders saying about this? --tin: that's probably probably slightly disappointed at how the share price has performed over the last year. ,y view was at a 40% premium the normal bidder would pay where the 40% holding is, 20% rhenium that shareholders should make up their mind on whether they wish to accept this bid or not. i say they would be more unhappy if they did not see the bid than they are professing to be at the moment. it's a reasonable premium. my view is the shareholders on the company so they should make the decision. mark: a wonderful function called mob go and you could look at all sorts of deals. it's to my right. it tells us the current premium is 8.75%. does that reflect regulatory political -- is there a fear that this might not happen? martin: a real fear is probably too strong. i would say it is probably 90% chance. a bitk there's a built -- built-in for timing. however well it goes it's going to take for th

he oversold his role to martin gilbert, big time. but he did get into the foreign rights and he made a huge amount of money out of the memoirs. he had a lovely house in the south of france on the back of it. he built up a collection of impressionist paintings and he gave the money to churchill. and finally, bottom right, anthony montague brown, when first becoming churchill's secretary, howard mcmillan who was defending him, is that whatever you do montague brown, do not get sucked into mr. churchill's financial affairs. of course, he found that such was the scale of spending he had to. he had to get involved. there had to be new revenue streams. there had to be sales of rights. he had to learn about the film industry and the recording industry and he did. he was a diplomat. he was a very good networker. he built up contacts over time and after a slow start -- by the end, he was getting big money. and he also performed the signal service of old enough the in-line revenue service, or the irs, until after churchill felt that. though hi

as martin gilbert told me, where else do you put your money?e: i am starting with gold because we finally saw it rake threw the -- break through the 1200. hsbc saying this might not have had much to do with the trump news conference, it happened .fterwards a weakening of the dollar, it is all mixed in, but it is holding above the $1200 mark which is pretty psychologically important. wouldhad a third digit we know this is below the most recent isolated low. that strong demand yesterday and the day before continues as investors seek perhaps a little haven trade. not so much for the mexican peso, unfortunately. it is weakening, 21.70, 7/10 of 1%. this is a big move, the offshore yuan. now, it is stronger by half a percent. you can be sure that is china's authority working very hard. we will have a look at some of the other asset classes. in the united states, stocks are lower across the board, automakers dragging. is bloomberg dollar index lagging. 114.en holding just above brent crude is higher, even though we got a major left in stockpiles. obvi

let's get back to where the action happens for the rest of the week with martin gilbert. take it away. >> thank you so much. >> this is the coldest it has ever been. >> you talk about global trade you need a little cold to tell the truth a bit more. xi.esa may and which will you be listening to? >> both are important to global trade. this is important for us in the financial services and we have indication coming down. totheresa may says she wants forgo the single market. what does this mean for asset managers? for us, it will be ok and it harder for european fund managers with structures. it will be more difficult for banks. >> will there be new funds? >> our structure is fine and banks will have to give some thoughts on the structure they will have in the single market. >> you are a banking ceo and today and be a speech will you head to europe? out wheree to work you are going and you have to plan for the worst and hope for >> who do you think wins? think it will go with hsbc and they are ok with that. as long as they operate the branch model system, they will make a de

we will also speak to martin gilbert later on in about three hours.tland. ♪ be inext week, we will davos at the world economic forum. we are in london with tremendous international news for today. our bloomberg business flash, here is taylor riggs. taylor: wall street firms expected to post their biggest trading numbers since the financial crisis. analysts, estimates , fixed income, and stock trading revenues rose 20% from a year ago. chinese mobile phone makers xiaomi wants to receive $14 billion in sales this year. they originally won praise for their online only sales mark -- model but now they are rethinking that and hoping to quadruple their storm network. -- store network. americans are drinking less milk, but the manned for cheesy demand for cheesy pizza rescues milk prices. americans drink one third less 1980.han they did in that is your bloomberg business flash. tom: thank you so much. a wonderful hour with andrew sheets and brian klaas. brian, let it go to you on the news flow in our next hour, we will focus on the united states senate. it i

gilbert at the international auto show. this is bloomberg. ♪ ♪ vonnie: new york and london, i'm vonnie quinn. mark: and i'm mark martin.omberg markets, the european close. time for look at some of the biggest business stories in the news right now. health,nsurer, united agreeing to purchase surgical point $3liates for two million. surgical care affiliates is a chain of outpatient surgery providers. they already have achievement through primary care practices and urgent care facilities. expanding the pet care business, a deal at 9.1y billion dollars including $1.4 billion in debt. there is already a division focusing on health care. president-elect donald trump is thanking chrysler and ford for investing in the united states attwitter today, looking their plan to invest $1 billion in michigan, adding 2000 jobs. he also mentioned the expansion in the u.s. instead of building in mexico. that is the latest bloomberg business flash. vonnie: besides automakers, quicken loans has been a major force in the revitalization of detroit. up with him caught and asked what he expects from the trump administration. yountil he does oth