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Will Another Japanese Giant Buy Into U.S. Asset Management? (TCW)

TedTed
in The Bullpen
FYI: Another Japanese giant may soon buy into the U.S. mutual fund
business, this time on the West Coast. Nippon Life Insurance is in talks to buy a 20 to 30 percent
stake in Los Angeles-based TCW from Carlye Group, Nikkei
Asian Review, Pensions & Investments, and Reuters all report. And the Wall Street Journal reports that the bidders also include Mitsubishi UFJ Financial Group.
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=57065&wireid=2
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