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Monday, January 24, 2011|
Two Suitors are Left Vying for Pioneer
Financial News has the latest on the Pioneer Investments story. Only two bidders are left in the running for UniCredit's Pioneer [see profile], according to the pub, which stated that UK insurance firm Resolution bowed out of contention, leaving Amundi and Natixis to vie for Pioneer. [See MFWire's living timeline of the Pioneer auction for more details and history.]
The report states that the Pioneer deal is likely to come with a price tag of about EUR 1.5 billion. This is half of Pioneer's value of EUR 3 billion in UniCredit's accounts.
According to the report, both suitors want to issue shares for the transaction.
Printed from: MFWire.com/story.asp?s=35822
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