May 3, 2000 (PLANSPONSOR.com) - Corporate finance executives have a new weapon in their anti-takeover arsenal. Lloyd's of London has introduced a new insurance product designed to protect North American companies from many of the direct costs associated with fending off an unsolicited takeover. Companies buy an option guaranteeing the right to acquire a policy in the event a hostile bid occurs.
November 2, 2000 (PLANSPONSOR.com) - Institutional investor marketplace eFrontiers.com is close to shutting its doors less than a year after launching its website, president Steve Cohen told PLANSPONSOR.com.
November 2, 2000 (PLANSPONSOR.com) - Liberty Financial effectively put out a "for sale" sign yesterday, the latest in a series of fund manager ownership shifts, even as it reported a 26% jump in assets under management.
August 1, 2000 (PLANSPONSOR.com) - When money managers are acquired, plan sponsors may be voting with their feet, according to data from a survey conducted by Cerulli Associates. The study found that 2/3 of US managers involved in merger activity grew slower than the industry average, with a like number falling short of their pre-merger growth rates.