MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 12, 2009 Columbia Has One Less Suitor A day after BlackRock unveiled its mega deal to buy Barclays Global Investors, BlackRock CEO Larry Fink is putting his checkbook away. "I could certainly say from my behalf, and I think for my board, we are not contemplating anything beyond this," the New York Times quotes Fink as saying at a conference call with analysts Friday morning. "We are not doing any more transactions for the time being." Last month, reports surfaced that BlackRock had submitted a preliminary offer for Columbia Management, Bank of America's investment management unit. Franklin Resources and Federated Investors reportedly put in bids for Columbia as well. Printed from: MFWire.com/story.asp?s=21798 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |