State Street Global Advisors (SSgA) announced on October 22 that it has agreed to acquire Bank of Ireland Asset Management (BIAM). Pending regulatory approvals and other closing conditions, the transaction is expected to close in the first quarter of 2011 or earlier. When the deal is complete, the BIAM operation in Dublin will become State […]
Royal Bank of Canada has struck a deal to buy UK-based money manager BlueBay Asset Management for roughly $1.56 billion. The deal is expected to expand RBC’s global reach from three geographic wealth management businesses to four (Canada, U.S., U.K. and Emerging Markets). The new deal is aimed at replicating RBC Wealth Management’s success in […]
Ontario Teachers’ Pension Plan is unloading GCAN Insurance, a commercial property and casualty insurer, by selling it to RSA Canada. Teachers’ is asking for $420 million and closing of the deal is expected in January, subject to customary approvals. “The company is now positioned to move to the next level with the support of a […]
Sanofi-Aventis SA isn’t taking ‘No’ for an answer. After having its $69-a-share bid for Genzyme Corp. termed as too low, France’s largest drug maker has launched a $18.5 billion hostile takeover offer. If ratified, the deal would be the largest hostile takeover offer in the drug industry since the transaction creating Sanofi-Aventis in 2004. Sanofi-Synthelabo […]
As corporate merger and acquisition activity continues to increase, companies need to adjust how they leverage their compensation and benefits programs. The restructuring of these programs plays a critical role in retaining key talent during the transactions, according to a new survey by Hewitt Associates. Furthermore, findings from Hewitt’s M&A survey of 103 companies revealed […]
After a seven-year hiatus from the acquisition trail, Marty Weinberg is back with a vengeance. The former CEO of Assante Corp. has finalized a deal to acquire Brockhouse Cooper, an investment consulting and securities trading firm based in Montreal. “This is only the beginning. This is the first step of many to grow Pavilion into […]