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BUSINESS
June 20, 2000 | Reuters, Times Staff
Shares of major U.S. mutual fund companies got a boost Monday after another of their peers agreed to a takeover by a foreign firm. United Asset Management (ticker symbol: UAM) of Boston soared $3.17, or 15%, to $23.73 after London-based Old Mutual agreed to pay $1.46 billion in cash, or $25 a share. Among other fund firms that have been viewed as potential takeover candidates, T. Rowe Price Associates (TROW) rocketed $5.63 to $48, Alliance Capital (AC) gained $1.94 to $50.
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BUSINESS
June 20, 2000 | Reuters, Times Staff
Shares of major U.S. mutual fund companies got a boost Monday after another of their peers agreed to a takeover by a foreign firm. United Asset Management (ticker symbol: UAM) of Boston soared $3.17, or 15%, to $23.73 after London-based Old Mutual agreed to pay $1.46 billion in cash, or $25 a share. Among other fund firms that have been viewed as potential takeover candidates, T. Rowe Price Associates (TROW) rocketed $5.63 to $48, Alliance Capital (AC) gained $1.94 to $50.
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