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Rating:Riggs - PNC Deal is No News for Funds Not Rated 4.0 Email Routing List Email & Route  Print Print
Friday, July 16, 2004

Riggs - PNC Deal is No News for Funds

by: Theresa Sim

PNC Financial Services Group will acquire Pittsburgh-based Riggs National Corp for $779 million.

The deal does not affect Riggs fund group, because the bank sold its eight fund family to Federated Investors in July of 2003. At that time, the funds had $465 million in assets.

Federated folded the funds into its own fund family.  

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