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 |
|
Wednesday, October 6, 1999 PIMCo Confirms Talks With Allianz 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." Printed from: MFWire.com/story.asp?s=24645 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |