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 |
|
Tuesday, April 27, 2010 Columbia Counts Down to May Day Ameriprise Financial executives expect to complete their $1.2 billion purchase of Columbia Management's long-term asset management business on May 1. "We are on track to complete our acquisition of Columbia Management on May 1, 2010, and we're focused on executing a seamless integration," said Ameriprise chairman and CEO Jim Cracchiolo in Amerprise's earnings release on Monday. The deal, which would transfer ownership of Columbia Management's long-term asset management business from Bank of America to Ameriprise, was first annnounced last September. Bank of America is keeping the cash (i.e. money market) business. Printed from: MFWire.com/story.asp?s=32027 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |