Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AEFA Spin-off Will Cost $945 MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 07, 2005

AEFA Spin-off Will Cost $945 MM

by: Theresa Sim

The spin-off of Ameriprise Financial, formerly American Express Financial Advisors, from American Express Co. is expected to cost $945 million, reports Reuters.

The brunt, or $875 million of the total, will be born by Ameriprise. American Express will bear $70 million of the costs, approximately $50 million in 2005. Ameriprise will incur approximately two-thirds of the cost by the end of 2006.

The spin-off, which includes American Express' proprietary funds and asset management, is expected to be completed in the third quarter of this year.

Ameriprise's asset management, insurance, annuity and distribution groups will go by the name RiverSource.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use