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Tuesday, November 29, 2016|
The Race For Pioneer Comes Down to Three
The parent of Columbia Threadneedle [profile] and two other bidders may be the only serious remaining contenders in the Pioneer Investments [profile] auction.
For the latest updates, check out MFWire's living timeline of UniCredit's attempt to sell Pioneer.
A fifth bidder, Aberdeen, publicly dropped out of the Pioneer race a week ago. At the time Aberdeen's chief revealed that the price tag on Pioneer had reached 3.5 billion euros ($3.7 billion), which he said Aberdeen "couldn't quite afford."
An unnamed source now tells Reuters that, though Amundi is offering the best price for Pioneer, UniCredit isn't considering price alone.
Per previous reports, UniCredit's chief is expected to wait until after a December 4 Italian constitutional referendum before making his decision on what to do with Pioneer. (UniCredit is a giant Italian bank.)
Printed from: MFWire.com/story.asp?s=55238
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