MutualFundWire.com: RidgeWorth's Suitor Breaks Silence

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Monday, April 12, 2010

RidgeWorth's Suitor Breaks Silence

Henderson Group on Monday broke its silence regarding buzz that it was bidding for a chunk of SunTrust's RidgeWorth Capital Management.

A trade publication earlier this month ID'd London-based Henderson as the leading bidder for RidgeWorth.

Henderson officials on Monday confirmed that they are in talks with SunTrust over a potential acquisition of "certain businesses" of RidgeWorth. They did not identify the businesses.

"There is no certainty that any transaction in relation to RidgeWorth will proceed," they added.

Henderson Group - Statement re. Press Comment
RNS Number : 0253K
Henderson Group plc
12 April 2010

Notification regarding RidgeWorth Capital Management Inc.

12 April 2010

Henderson Group (the Group) notes the recent speculation in the media and confirms that it is in discussions regarding a potential acquisition by the Group of certain businesses of RidgeWorth Capital Management Inc. ('RidgeWorth'), the US asset manager owned by SunTrust Banks, Inc. ('SunTrust'). The Group reviews a range of strategic opportunities from time to time. Discussions with SunTrust regarding a possible transaction are ongoing and there is no certainty that any transaction in relation to RidgeWorth will proceed.