M&A – Update: AIG fails to make breakthrough in Franklin talks over asset management arm
From Wealth-bulletin.com: Protracted attempts to offload American International Group’s asset management division have failed to produce a deal yet, with another exclusive discussion period ending this week amid signs the price has dropped, according to a report in The Wall Street Journal.
Since May, AIG has been in exclusive talks with a consortium of bidders led by Franklin Templeton Investments - keen on...
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Damien Hatfield, of Triple A Partners Australia, did a road-show with Bill Marr, who runs a CTA (Ramius Trading Systems (RTS)) a few weeks back in both Australian and New Zealand, and found that there w