ADVFN - Advanced Financial Network.
HOME» NYSE » F » FII Stock Price » FII Stock News

Federated Investor Share News

 Federated Investors (pa) Stock Price
FII Stock Price
 Federated Investors (pa) Stock Chart
FII Stock Chart
 Federated Investors (pa) Stock News
FII Stock News
 Federated Investors (pa) Company Information
FII Company Information
 Federated Investors (pa) Stock Trades
FII Stock Trades

Dexia in Final Talks for Sale of Asset Management Unit

--Three bidders in final stage of auction --Russia's Sberbank bought Turkey's DenizBank for up to EUR3.09 billion in May --Dexia chief executive and chairman resign Franco-Belgian lender Dexia SA (DEXB.BT) said Wednesday it is entering final negotiations on the sale of Dexia Asset Management with three international bidders. The sale will be the final stage in the bank's dismantling program, which began last October. In nine months, Dexia has made six asset sales for a total value of about 8.7 billion euros ($10.9 billion), it said. Dexia didn't identify the remaining bidders but reports have previously suggested that Australia's Macquarie Group Ltd. (MQG.AU), Affiliated Managers Group Inc. (AMG), Federated Investors Inc. (FII) and New York Life Insurance Co. were interested. Earlier potential buyers, including buyout firms CVC Capital Partners, Advent International and Permira, dropped out of the process in May. Barclays PLC (BCS) is running the sale of the business, which could fetch as much as EUR750 million. Dexia also said Wednesday that its board has accepted the resignation of Jean-Luc Dehaene as chairman of the board of Dexia SA as of July 1. Karel De Boeck, already a member of the board, has been appointed interim chairman. The bank also confirmed that Chief Executive Pierre Mariani has handed in his resignation, but will continue to fulfill his duties until approval of the semi-annual 2012 accounts. Earlier this month Russia's Sberbank clinched the purchase of Dexia's Turkish business DenizBank for up to EUR3.09 billion. The deal was Sberbank's largest ever acquisition, designed to diversify the bank away from its home market where it already dominates. Write to William Horobin at william.horobin@dowjones.com

Stock News for Federated Investor (FII)
DateTimeHeadline
03/20/201508:30:00Federated Investors' Ohio Municipal Cash Trust to Acquire $91...
03/16/201515:10:00Month-End Portfolio Data Now Available for Federated Investors...
03/16/201509:15:00Federated Investors, Inc. Announces Exclusive Arrangement with...
03/11/201516:01:32Statement of Changes in Beneficial Ownership (4)
03/11/201511:00:32Information Statement - All Other (definitive) (def 14c)
03/11/201508:45:00Federated Enhanced Treasury Income Fund Declares Monthly Distribution
03/10/201508:45:00Federated Investors' Closed-End Municipal Funds Declare Monthly...
03/09/201518:58:05Statement of Changes in Beneficial Ownership (4)
03/09/201518:35:35Statement of Changes in Beneficial Ownership (4)
03/09/201518:21:46Statement of Changes in Beneficial Ownership (4)
03/09/201518:07:11Statement of Changes in Beneficial Ownership (4)
03/09/201517:50:46Statement of Changes in Beneficial Ownership (4)
03/09/201517:38:41Statement of Changes in Beneficial Ownership (4)
03/09/201517:25:11Statement of Changes in Beneficial Ownership (4)
03/09/201517:07:31Statement of Changes in Beneficial Ownership (4)
03/02/201516:02:00West Virginia Selects Federated Investors to Manage $1.2 Billion...
03/01/201505:02:23Some Companies Are More Wonderful Than Others
02/27/201508:45:00Federated Enhanced Treasury Income Fund Announces Estimated Sources...
02/20/201516:16:00Federated Investors, Inc., Files Annual Report on Form 10-K with...
02/20/201516:06:58Annual Report (10-k)

Federated Investor and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad