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Monday, May 15, 2000 May 15, 2000 Pioneer finds a buyer From The Wall Street Journal The speculation that reached a fevered pitch last week was on target -- The Pioneer Group Inc. was for sale. The buyer, it turns out, is UniCredito Italiano Group. The deal is valued at $1.2 billion and is expected to close in the third quarter. UniCredito is Italy's second-largest banking group, according to the Journal and has $80 billion in assets under management. Pioneer has $24.5 billion in assets under management.
From The Wall Street Journal Vanguard's decision to launch exchange-traded funds continues to make news. The Journal reports the decision came after "months of handwringing." The article adds that Vanguard's "Viper" shares could start a wave of other fund companies rushing out similar products.
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