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, January 24, 2011 Two Suitors are Left Vying for Pioneer Financial News has the latest on the Pioneer Investments story. Only two bidders are left in the running for UniCredit's Pioneer [see profile], according to the pub, which stated that UK insurance firm Resolution bowed out of contention, leaving Amundi and Natixis to vie for Pioneer. [See MFWire's living timeline of the Pioneer auction for more details and history.] The report states that the Pioneer deal is likely to come with a price tag of about EUR 1.5 billion. This is half of Pioneer's value of EUR 3 billion in UniCredit's accounts. According to the report, both suitors want to issue shares for the transaction. Printed from: MFWire.com/story.asp?s=35822 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |