MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 15, 2009 Franklin Walks from AIG Deal Talks Franklin Templeton is reportedly no longer pursuing AIG's asset management business. Franklin and its lead adviser, former Franklin executive Chuck Johnson, walked away from two-month exclusive negotiations with AIG over the weekend due to "irreconcilable strategic differences within the bidding group," the report stated. Franklin's bidding partners, New York private equity firm Crestview Partners LP and Richard Li, remain interested in a deal, according to the report. Printed from: MFWire.com/story.asp?s=22063 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |