's negotiations with Deustche Bank
may have fallen apart because of a withdrawn guarantee.
A week ago the German bank and Guggenheim Partners
their exclusive negotiations for the private equity firm to buy DWS Americas
] and much of the rest of Deutsche's global asset management business for 1.4 billion euros ($1.78 billion), to focus solely on a real estate and infrastructure investing unit. Then Reuters reported
that, according to one anonymous source, the larger deal talks collapsed after Deutsche Bank dropped an 800 million euro (i.e. $1.02 billion) five-year guarantee and Walter and his team responded by lowering their offer.
Yet a Deutsche spokeswoman insisted to Reuters
that that was not how things went down.
"The characterization around the guarantee and price reduction is incorrect," the spokeswoman reportedly said.
Neil Anderson, Managing Editor
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