A T. Rowe Price
spokesperson confirmed today that the Baltimore asset manager is negotiating with Robert Fleming Holdings
to buy Fleming's half of its fund management joint venture, London and Baltimore- based Rowe-Price Fleming International
Flemings, which is in takeover talks with Chase Manhattan Corp
, entered into the joint venture in 1979. The venture currently has about $43 billion under management, including $24 billion in 13 no-load mutual funds and the rest in separate accounts for institutional clients.
Stay ahead of the news ... Sign up for our email alerts now