MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 8, 2007 Murky Succession Plan at Fidelity Sparks Takeover Rumors The lack of a clear succession plan at Fidelity has led to its name being thrown in the ring for a possible takeover target. Barron's reports while Ned Johnson is still running the company a change of hands is not likely, but all bets may be off when Johnson is no longer at the helm. Another fund shop whose name has cropped up a a possible takeover target is Morgan Stanley. Under one scenario, according to the report, Morgan Stanley could form a strategic combination with another firm that would take over its retail fund business. However, a private equity executive Barron's interviewed believes that Morgan Stanley CEO John Mack is more of a buyer than a seller. Printed from: MFWire.com/story.asp?s=16028 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |