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, May 30, 2001 Liberty for the Fleet? FleetBoston is now in talks to purchase Liberty's asset management unit. The talks were reported today in the Boston Herald. Neither firm will comment on the report and the story is based on unnamed sources. The paper adds that a deal could be concluded as soon as next week. Still, Fleet is one of the names that has been whispered for the past month by industry insiders as one of the likely buyers of Liberty. The paper speculates that a deal could be valued for as much as $1.1 billion. Liberty's asset management firms include Newport Pacific Management in San Francisco, Stein Roe & Farnham and Liberty Wanger Asset Management in Chicago, and Colonial Management Associates, Liberty Asset Management and Progress Investment Management in Boston. Fleet owns the Galaxy Funds and Portland, Ore.-based Columbia Management Company which offers the Columbia Funds. Related Stories Printed from: MFWire.com/story.asp?s=26730 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |