Allianz verifies buyout talks with Pimco

Article Abstract:

Allianz AG acknowledged that it is engaged in negotiations over the possible takeover of Pimco Advisors Holdings LP. A cash acquisition ranging from $38 to $39 (35.36 euros to 36.29 euros) per share is being discussed by both firms. Allianz is an insurance firm based in Germany, while Pimco is a manager of bond funds based in the US. The estimated worth of the acquisition would be $4.68 billion.

Insurance, Insurance Carriers and Related Activities, Mutual Fund Mgmt Companies, Portfolio Management, Insurance industry, Abstract, Mutual funds, Mutual fund industry, Allianz Aktiengesellschaft Holding, PIMCO Advisors Holdings L.P.

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Pirelli unit to expand outside Italy

Article Abstract:

Pirelli and C. Real Estate SpA is planning to expand its operations outside of Italy and into other countries in Europe. The unit is Pirelli's property asset management and services division.

Italy, Marketing procedures, Marketing, Real estate industry, Pirelli and Company Real Estate S.p.A.

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German investors stage retreat from U.S

Article Abstract:

German investors are decreasing their investments in US real estate because of the strong dollar, an increase in US interest rates and a greater interest in the stock market.

Statistical Data Included, Real estate investment, Real estate investments

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