Amex To Buy Threadneedle?

American Express is reported to be poised to buy Threadneedle Asset Management, the UK retail fund manager owned by the troubled Zurich Financial for less than 300 million ($483 million), which is much less than the business was expected to

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American Express is reported to be poised to buy Threadneedle Asset Management, the UK retail fund manager owned by the troubled Zurich Financial for less than 300 million ($483 million), which is much less than the business was expected to fetch. Mellon Financial, which owns Newton Investment Management in the UK already, was also interested in buying Threadneedle but Amex is now said to be in exclusive talks with Zurich. The other possibility was an MBO.

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