Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A New Front-Runner Emerges in the AIG Bidding War Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, August 10, 2009

A New Front-Runner Emerges in the AIG Bidding War

by: Meredith Mazzilli

The AIG Investments sale story has taken on a fresh twist. India-based Religare is now the front-runner to acquire the business, FinancialNews reported on Monday.

As recently as Monday last week, Reuters reported that New York City-based private equity firm Crestview Partners was near a deal to buy AIG's asset management business for $300 million to $400 million.

According to the FinancialNews article, Religare is being advised by Jefferies and has negotiated an option to join forces with Australian investment bank Macquarie Group, but some industry sources told the pub that Religare may bid by itself.

Macquarie is also reportedly the leading bidder for Delaware Investments.

Religare, according to the FinancialNews report, rekindled its interest in the AIG business after Franklin Templeton in mid-July walked away from negotiations with AIG. Franklin was part of a bidding group that included Crestview Partners and Richard Li.

Religare's name first cropped up as a possible bidder for the AIG business in May. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use