Bill Gross is widely heralded as the "Peter Lynch of the bond market" but that success is not stopping a possible takeover of his employer -- PIMCo Advisor Holdings.
Last night the company confirmed that it is holding talks with Germany's Allianz AG. According to a statement the transaction would equal $38 to $39 per unit (PIMco is a limited partnership). The deal would be done in cash, says the statement.
It adds that "There are substantial terms on which no agreement has been reached."
 
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