Bank of New York Mellon
has sealed a deal to buy UK-based Insight Investment
from Lloyds Banking Group
for 235 million pounds ($328 million). The deal
is expected to close in the fourth quarter.
Insight Investment, one of the the UK's biggest fund managers, will join other investment boutiques at Mellon Asset Management.
Insight Investment also reportedly attracted bids from
and private equity firm Hellman & Friedman
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