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Rating:Franklin Walks from AIG Deal Talks Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 15, 2009

Franklin Walks from AIG Deal Talks

News summary by MFWire's editors

Franklin Templeton is reportedly no longer pursuing AIG's asset management business. Franklin and its lead adviser, former Franklin executive Chuck Johnson, walked away from two-month exclusive negotiations with AIG over the weekend due to "irreconcilable strategic differences within the bidding group," the report stated.

Franklin's bidding partners, New York private equity firm Crestview Partners LP and Richard Li, remain interested in a deal, according to the report. 

Edited by: Armie Margaret Lee


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