BlackRock, Ameriprise may buy BoA's Columbia: report

NEW YORK Thu Jul 16, 2009 4:33pm EDT

Related Topics

NEW YORK (Reuters) - BlackRock Inc (BLK.N) and Ameriprise Financial Inc (AMP.N) may buy pieces of Bank of America Corp's (BAC.N) Columbia Management, Pensions & Investments reported, citing unnamed sources.

BlackRock may buy Columbia's money market assets, while Ameriprise would take the long-term equity and fixed income business, P&I reported on its web site on Thursday.

A deal could be finalized over the next few days, it said.

BlackRock, Bank of America and Ameriprise declined to comment, P&I said.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.