Ge And State Street Corporation Announce Agreement To Acquire Ge As 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). the transaction is expected to increase ssga’s assets under management by approximately $100 billion upon closing and add new alternatives capabilities, while. State street global advisors is the investment management arm of state street corporation. *assets under management were $2.24 trillion as of december 31, 2015. aum reflects approx. $22.0 billion (as of december 31, 2015) with respect to which state street global markets, llc (ssgm) serves as marketing agent; ssgm and state street global.
State Street To Acquire Ge Asset Management 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. State street corp <stt.n> is nearing a deal to acquire general electric co's <ge.n> $115 billion asset management business, according to people familiar with the matter, as the u.s. industrial. State street to acquire ge asset management for up to $485m. ($245.19billion) agreed to acquire geasset management inc. from generalelectric co. in a cash transaction with a purchase price of $435million, subject to adjustments, with up to an additional $50 million tied toincremental opportunities with ge, according to a form 8 k filed march 30. State street corporation has bought ge asset management from ge for up to $485m at a time when the us bank’s $2.2tn fund management business has been losing assets. ge asset management will add.
State Street To Buy Ge Asset Management For Up To 485 Million General State street to acquire ge asset management for up to $485m. ($245.19billion) agreed to acquire geasset management inc. from generalelectric co. in a cash transaction with a purchase price of $435million, subject to adjustments, with up to an additional $50 million tied toincremental opportunities with ge, according to a form 8 k filed march 30. State street corporation has bought ge asset management from ge for up to $485m at a time when the us bank’s $2.2tn fund management business has been losing assets. ge asset management will add. Updated wed, jul 6, 2016, 7:21 am. industrial goods manufacturer general electric company ge recently completed the divesture of its asset management business to asset management firm state street. State street corp. has agreed to buy general electric co.’s asset management unit for up to $485 million.
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