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

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

Rating:Two Bidders Walk Away From Deutsche Bank Not Rated 4.0 Email Routing List Email & Route  Print Print
Thursday, February 09, 2012

Two Bidders Walk Away From Deutsche Bank

News summary by MFWire's editors

The auction for DWS [profile] in the U.S. and other parts of Deutsche Bank's asset management business just got smaller. Yesterday Kate Burgess and Dan McCrum of the Financial Times report that State Street [profile] dropped out of the bidding process, with Columbia [profile] parent Ameriprise preparing to follow suit.

The FT also echoes Bloomberg's report earlier this week that JPMorgan has also dropped out [see MFWire.com, 2/7/2012].

In November, the giant German bank officially revealed a "strategic review" of its management business, excluding the mutual fund arms in Germany, the rest of Europe and Asia [see MFWire.com, 11/22/2011]. All told, about $525 billion in assets are on the line. Other reported bidders include: Apax Partners; Claymore and Rydex acquirer Guggenheim Investments; Delaware Investments' Australian parent, Macquarie Group; and Great-West and Putnam's Canadian parent, Power Corp

Edited by: Neil Anderson, Managing Editor


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

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q2Q1
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use