GE And State Street Corporation Announce Agreement For State …

FAIRFIELD, Conn. - March 30, 2016 - GE [NYSE: GE] and State Street Corporation [NYSE: STT] today announced an agreement for State Street to acquire GE Asset Management (GEAM), …

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State Street To Buy G.E.’s Asset Management Business

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Mar 30, 2016 · LONDON — General Electric said on Wednesday that it had agreed to sell its asset management business to the State Street Corporation in a transaction worth up to $485 …

nytimes.com

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State Street To Buy GE Asset Management For Up To $485 Million

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Mar 30, 2016 · State Street Corp <STT.N> said it would buy General Electric Co's <GE.N> asset management business for up to $485 million (337 million pounds) as the industrial …

reuters.com

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GE To Sell Asset Management To State Street Corp. For Up To $485 ...

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FAIRFIELD, Conn. — GE and State Street Corporation have announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up …

tedmag.com

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State Street To Buy GE Asset Management For Up To $485 Mln

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Mar 30, 2016 · State Street Corp said it would buy General Electric Co's asset management business for up to $485 million as the industrial conglomerate winds down its financing arm to …

yahoo.com

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State Street To Acquire GE Asset Management For Up To $485 Million

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State Street Corp. has agreed to buy General Electric Co.’s asset-management unit for up to $485 million as the Boston-based firm works to add scale to its money-management division.

wsj.com

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GE Selling Asset Management Unit, Hotel Franchise Loans

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Mar 30, 2016 · General Electric said Wednesday it had agreed to sell its GE Asset Management business, including its in-house pension plan, to State Street for up to $485 million cash.

investors.com

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State Street Buys GE Asset Management For Up To $485 Million

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Mar 30, 2016 · (Bloomberg) — State Street Corp. agreed to buy General Electric Co.s asset management unit for as much as $485 million in cash to expand alternative investments such …

tradersmagazine.com

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State Street To Acquire GE Asset Management

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GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 million, subject to …

equipmentfa.com

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State Street To Acquire GE Asset Management In US$485 Million Deal

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State Street Corporation (State Street) has agreed to acquire GE Asset Management (GEAM) – a unit of General Electric Co (GE) – in a transaction that is expected to increase the AUM of its …

asiaasset.com

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State Street To Acquire GE Asset Management - News | ABL Advisor

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Mar 31, 2016 · GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 …

abladvisor.com

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GE Sells Asset Management Arm To State Street - Monitordaily

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Mar 31, 2016 · State Street will acquire GE Asset Management, GE’s investment management arm, for up to $485 million, subject to adjustments.. The sale, part of GE’s shift to focus on its …

monitordaily.com

FAQs about GE And State Street Corporation Announce Agreement For State … Coupon?

Did state Street acquire GE Asset Management?

BOSTON-- (BUSINESS WIRE)-- State Street Corporation (NYSE: STT), announced today that it has agreed to acquire GE Asset Management (GEAM), a leading asset manager, from GE (NYSE: GE). ...

Did GE sell GE Asset Management?

FAIRFIELD, Conn. - July 1, 2016 - GE [NYSE: GE] today announced it has completed the sale of GE Asset Management (GEAM), the company’s investment management arm, to State Street Corporation [NYSE: STT]. ...

Will GE buy State Street Global Advisors?

The business, which includes GE’s U.S. benefits plans as well as assets for third-party institutional clients, manages more than $100 billion in assets. The cash deal will give State Street Global Advisors, known for its index-tracking funds, a broader mix of money management abilities including private-equity and real-estate investments. ...

Why did State Street buy GE?

State Street Corp. has agreed to buy General Electric Co.’s asset-management unit for up to $485 million as the Boston-based firm works to add scale to its money-management division. The business, which includes GE’s U.S. benefits plans as well as assets for third-party institutional clients, manages more than $100 billion in assets. ...

Who is GE Asset Management?

About GE Asset Management GE Asset Management Incorporated (GEAM) is a global asset manager with $110 billion in assets under management (as of December 31, 2015). GEAM and its predecessor organizations have been managing investments for GE’s U.S. pension and other benefit plans for over 80 years. ...

Will state Street buy Geam?

Under the agreement, State Street will acquire GEAM in a cash transaction with a total purchase price of up to $485 million, subject to adjustments. Pending regulatory approvals and other customary closing conditions, the transaction is expected to be finalized early in the third quarter of 2016. ...