As of last week, word is that London-based Henderson Group
is in the lead to acquire majority of RidgeWorth Investments
. Pensions & Investments'
last week that
Henderson "appears to have the edge" over the others.
is among the other bidders, the report stated.
RidgeWorth, owned by SunTrust, has eight money management boutiques.
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.
Stay ahead of the news ... Sign up for our email alerts now