The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, July 31, 2012|
French Workers Approve the TCW Sale
The Societe Generale team just cleared another hurdle to selling TCW [profile]. Lionel Laurent of Reuters reports that the French bank's labor unions have signed offer on the sale and expect the deal to be signed any day now.
"The works council has met," an attendee of the meeting told the wire service. "It is decided that we are selling TCW."
A spokeswoman for SocGen declined to comment to Reuters. While no bidder or price were disclosed at the meeting, according to the wire service's sources, Reuters reported earlier this month that Carlyle Group was still bidding after two other private equity firms dropped out.
Printed from: MFWire.com/story.asp?s=40726
Copyright 2012, InvestmentWires, Inc.
All Rights Reserved