State Street to acquire GE Asset Management for up to $485M
Mar 31, 2016 - SNL Financial
Mergers and Acquisitions
State Street Corp. ($245.19 billion) agreed to acquire GE Asset Management Inc. from General Electric Co. in a cash transaction with a purchase price of $435 million, subject to adjustments, with up to an additional $50 million tied to incremental opportunities with GE, according to a Form 8-K filed March 30.
GE announced plans to sell its asset management arm, which has more than $100 billion in assets under management for more than 100 institutional clients, in September 2015.
The ...
Sign up today to gain access to 5 free articles a month from over 200 top subscription outlets.
Are you ready to take your business development to the next level with RelSci Professional?
Nurture your network with daily alerts that notify you when your relationships make news
Map your relationships to any target or prospect to identify a warm introduction
Access unlimited deep dossiers on over 8 million decision makers
Best of all, you can try out all these powerful business development tools absolutely free for 30 days!
Check out News Home to stay on top of the people and organizations you care most about.
