American Century is Now Part-Owned by a Canadian Firm
Reported by Armie Margaret Lee
Toronto-based CIBC has completed its purchase of a 41 percent equity interest in American Century
Investments for USD 848 million in cash. JPMorgan previously held the stake.
Kansas City, Missouri-based American Century had AUM of $111 billion as of end-July.
The deal was
first announced on July 15. Click
here to read the conference call coverage.
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