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Tuesday, May 30, 2000 PFPC Acquires Blue Sky Firm PNC Financial's fund servicing unit, PFPC, has acquired Boston's Automated Business Development (ABD),
ABD will retain its name and the firm, which currently employs 75, will become a subsidiary of PFPC, with its chief executive, Peter Lemay, remaining as president and chief executive officer. The acquisition is expected to close in the second quarter. Terms of the agreement were not disclosed. Printed from: MFWire.com/story.asp?s=25718 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |