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Rating:A Piece of First Eagle May Be Up For Grabs Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 24, 2013

A Piece of First Eagle May Be Up For Grabs

News summary by MFWire's editors

TA Associates may sell its 25 percent stake in First Eagle Investment Management, the manager of First Eagle Mutual Funds [profile].

Reuters reporter Jessica Toonkel got the tip from three sources who wished to remain anonymous. They said the sale may not even materialize since discussions are in the "very early stages."

Toonkel reports that the majority of the company is owned by the family of John Arnhold, the company's current chairman and chief investment officer. Her sources told her that the Arnhold family intends to keep its majority stake.

Click here to read the full Reuters story.  

Edited by: Katie Lobosco


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