MutualFundWire.com: Old Mutual May Push Back its Asset Management IPO
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Tuesday, November 30, 2010

Old Mutual May Push Back its Asset Management IPO


Fundsters interested in buying shares of Old Mutual's [see profile] U.S. asset management business may have to wait a bit longer. A spokesman for the British insurer told Bloomberg might push the planned IPO back from mid-2011 to 2012.

"It may be later than some would have expected," the spokesman reportedly said. "We're trying for earnings progression."


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