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Rating:RidgeWorth Sale Chatter Points to London Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, April 9, 2010

RidgeWorth Sale Chatter Points to London

News summary by MFWire's editors

As of last week, word is that London-based Henderson Group is in the lead to acquire majority of RidgeWorth Investments. Pensions & Investments' Doug Appell reported last week that Henderson "appears to have the edge" over the others.

AllianceBernstein is among the other bidders, the report stated.

RidgeWorth, owned by SunTrust, has eight money management boutiques. In January, word surfaced that SunTrust hired Sandler O'Neill to explore a possible sale of RidgeWorth.

Citing unnamed bankers, Appell reported in his April 2 article that Henderson Group, the holding company of Henderson Global Investors, is not likely to buy RidgeWorth's Atlanta-based stable value and money market boutique, StableRiver Capital Management.

Sought for comment on the report, SunTrust spokesperson Mike McCoy declined to comment on speculation and rumors. A Henderson Group spokesperson said the firm does not have any comment on the article nor the content of it. A RidgeWorth representative declined to comment, as did reps for AllianceBernstein and Sandler O'Neill. 

Edited by: InvestmentWires Staff, 

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