MutualFundWire.com: American Century is Now Part-Owned by a Canadian Firm
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Wednesday, August 31, 2011

American Century is Now Part-Owned by a Canadian Firm


Toronto-based CIBC has completed its purchase of a 41 percent equity interest in American Century Investments for USD 848 million in cash. JPMorgan previously held the stake.

Kansas City, Missouri-based American Century had AUM of $111 billion as of end-July.

The deal was first announced on July 15. Click here to read the conference call coverage.


Printed from: MFWire.com/story.asp?s=37699

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