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 |
|
Friday, October 20, 2000 October 20, 2000 Federated to Buy Kaufmann From Wall Street Journal The buying spree continues as Federated Investors has said it will be buying the $3.7 billion Kaufmann Fund. The price tag may be as high as $400 million, according to the paper. Pittsburgh-based Federated will pay roughly $200 million in cash for the fund, and then make contingent payments ranging from $120 million to $220 million based on the fund's revenue growth over the next six years. If growth tops six percent in the first year and averages 12 percent during the subsequent five the maximum payment will be triggered. Lawrence Auriana and Hans Utsch will keep their jobs as managers of the fund. Printed from: MFWire.com/story.asp?s=26187 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |