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Rating:American Century is Now Part-Owned by a Canadian Firm Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 31, 2011

American Century is Now Part-Owned by a Canadian Firm

Reported by Armie Margaret Lee

Toronto-based CIBC has completed its purchase of a 41 percent equity interest in American Century Investments for USD 848 million in cash. JPMorgan previously held the stake.

Kansas City, Missouri-based American Century had AUM of $111 billion as of end-July.

The deal was first announced on July 15. Click here to read the conference call coverage.  

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