This is what it looks like when investment bankers play rugby.

Macquarie Group, the Australian parent of Delaware Investments plans to block Aberdeen's play for a Scottish investment concern, reports Wall Street Journal.

The Journal reports that the Australian firm plans to make a $800 million all-cash offer for the fund manager Scottish Widows Investment Partnership. The newspaper notes that Aberdeen had emerged two weeks ago as a front-runner for buying SWIP, which is the fund management arm of Lloyds Banking Group.

According to the Journal, sources say that Lloyds is likely to reach a decision on the SWIP sale by Nov. 22. 

Edited by: Tommy Fernandez


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