Fundsters interested in buying shares of Old Mutual
's [see profile
] U.S. asset management business may have to wait a bit longer. A spokesman for the British insurer told Bloomberg
might push the planned IPO back from mid-2011 to 2012.
"It may be later than some would have expected," the spokesman reportedly said. "We're trying for earnings progression."
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now