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Rating:Guggenheim Joins the DWS Sweepstakes Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, February 07, 2012

Guggenheim Joins the DWS Sweepstakes

News summary by MFWire's editors

Guggenheim Partners LLC will make its bid for DWS ahead of a deadline this week along with a handful of other potential buyers, Bloomberg Businessweek reports.

Power Corp. of Canada, Macquarie Group Ltd., State Street Corp., Ameriprise Financial Inc., and Apax Partner LLP are also reportedly interested in gobbling up DWS assets.

However, P Morgan Chase & Co., has reportedly dropped its bid.

Deutsche Bank said in November that it was reviewing its global money-management business except for the European and Asian mutual-fund divisions. The units that for sale include institutional fund management, a real estate investment unit and U.S. mutual funds, totaling some 400 billion euros ($525 billion) of assets under management. 

Edited by: HFD

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