The board of Citizens Bank Wealth Management
has given preliminary approval for a reorganization of the Golden Oak Mutual funds
, which currently have $465 million in assets under management.
Six of the portfolios will be acquired by Goldman Sachs Trust
and one portfolio will be acquired by Federated Investors
. According to documents filed with the SEC
by Goldman Sachs Trust, shareholders will vote on September 29, 2004 on whether to accept the reorganization agreement.
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