American Express buys fund talent based in London

Article Abstract:

Threadneedle Asset Management Holdings' proposed acquisition by American Express Co. from Zurich Financial Services Group is part of the latter's plan to seek talent for its investment portfolio. The deal is valued at approximately $570 million.

Author: Hayashi, Yuka
United Kingdom, Company acquisition/merger, American Express Co., AXP, Zurich Financial Services, Threadneedle Asset Management

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Franklin agrees to purchase Fiduciary

Article Abstract:

Franklin Resources Inc. has reached an agreement to acquire Fiduciary Trust Company International for approximately $910 million (1.1 billion euros). Franklin is the sixth-largest mutual fund company in the US.

Author: Brown, Ken
Franklin Resources Inc., Fiduciary Trust Company International, BEN

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Federated Investors will buy Kaufmann growth-stock fund

Article Abstract:

Federated Investors Inc. has reached an agreement to acquire Kaufmann Fund Inc. Federated Investors will acquire Kaufmann for approximately $200 million (237 million euros) in an initial payment.

Author: Brown, Ken
Federated Investors Inc., Kaufmann Fund Inc.

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Subjects list: United States, Mergers, acquisitions and divestments, Financial services industry, Financial services, Investment advisers
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