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GE’s divestiture could be a boon for the asset management and custodian giant.
State Street has closed the deal for its $485 million acquisition of GE Asset Management (GEAM), a divestiture from General Electric Company, and the giant asset manager/custodian has begun the transition of GEAM’s $100 billion in assets under management, officials say. The total purchase price of up to $485 million is “expected to be accretive...
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