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Rating:Pioneer is Not Likely to Get Hitched This Year Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 08, 2010

Pioneer is Not Likely to Get Hitched This Year

News summary by MFWire's editors

Pioneer Investments [view profile] is not likely to walk down the aisle by yearend, Bloomberg reports, citing two anonymous sources "with direct knowledge of the talks."

Pioneer's Italian parent, UniCredit, is "unlikely to agree on a merger partner for Pioneer before the end of the year as it plans discussions with at least four candidates," the report states, adding that a stock transaction with a French or another European firm is likely.

Meanwhile, Pioneer Global Asset Management CEO Roger Yates told Bloomberg TV that Pioneer "pretty much completed" the preliminary work of its strategic review.

"We're at the point now where we can consider all the options open to us," Yates said.  

Edited by: Armie Margaret Lee


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