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, July 31, 2000 July 31, 2000 T. Rowe Price quashes sale talk From Wall Street Journal T. Rowe Price is denying widely spread rumors that it is on the block. Today's Heard on the Street quotes T. Rowe vice chair James Riepe as saying that company's stock price has performed well over the years, and that T. Rowe Price doesn't need to merge to gain assets or resources. "The only reason to do it would be strategic, and we don't see anything strategic out there for our investors and clients." Since insiders control about 30% of the firm's stock any hostile deal is unlikely. More on MutualMinds.com From Dallas Morning News MutualMinds.com is getting more publicity for its fund which invests in the picks of its own investors. "What we're doing is tapping into the collective intelligence of average investors, separating the wheat from the chaff, and applying it to investment decisions," says CEO Randy Bullard. Printed from: MFWire.com/story.asp?s=26084 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |