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Van Kampen American Capital Inc

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BUSINESS
June 25, 1996 | TOM PETRUNO, TIMES STAFF WRITER
The consolidation wave in the money management business swelled again Monday, with Wall Street giants Morgan Stanley Group and Merrill Lynch & Co. snapping up two smaller firms, and mutual fund legend Michael Price rumored to be on the verge of selling his firm. In the day's biggest deal, Morgan Stanley said it will buy Van Kampen American Capital Inc., a major mutual fund company, for $745 million plus assumption of debt.
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BUSINESS
June 25, 1996 | TOM PETRUNO, TIMES STAFF WRITER
The consolidation wave in the money management business swelled again Monday, with Wall Street giants Morgan Stanley Group and Merrill Lynch & Co. snapping up two smaller firms, and mutual fund legend Michael Price rumored to be on the verge of selling his firm. In the day's biggest deal, Morgan Stanley said it will buy Van Kampen American Capital Inc., a major mutual fund company, for $745 million plus assumption of debt.
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BUSINESS
February 6, 1997 | DEBORA VRANA, TIMES STAFF WRITER
The merger mania already consuming securities firms, driven largely by deregulation and the globalization of capital markets, is expected to gain momentum in the wake of the proposed combination of Morgan Stanley Group and Dean Witter, Discover & Co., analysts said Wednesday. "The whole financial services landscape will have lots of new creative combinations," said Marshall Lux, who co-heads investment banking and wholesale financial services with the McKinsey & Co. consulting firm in New York.
BUSINESS
October 31, 1996 | PATRICE APODACA, TIMES STAFF WRITER
Reversing course from a strategy that was once seen as holding great promise for banking institutions, Great Western Financial Corp. said Wednesday that it is considering selling its mutual fund subsidiary. The Chatsworth-based parent of the nation's second-largest thrift said it will explore several options for Sierra Capital Management Corp., including a joint venture partnership with another financial institution. Great Western has hired the investment banking firm Goldman, Sachs & Co.
BUSINESS
September 10, 1996 | From Bloomberg Business News
Lehman Bros. Holding Inc. is getting out of the U.S. mutual fund business. Lehman said Monday that it agreed to sell its nine money market funds to Federated Investors for an undisclosed amount. The funds, which jointly oversee about $5 billion in assets, are designed for institutions and wealthy investors. The announcement comes about six months after Lehman, the No. 4 U.S. securities firm in terms of capital, sold its sole U.S.-registered equity mutual fund to AMT Capital Advisors Inc.
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