Expansion is not always enough to save fund firms from takeover. Despite recent acquisitions, Federated Investors Inc.
may be up for sale, the Pittsburgh Tribune-Review
An analyst at Morningstar
described the Pittsburgh-based fund company as trading at a discount, ripe for purchase.
"Federated is a stock that's significantly under-valued," Rachel Barnard
told the Tribune-Review
. "They would be good takeover bait."
Federated CEO J. Christopher Donahue
declined to speak to the Tribune-Review
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