Actively managed funds thrive amid seismic shift into indexing
BOSTON, Dec 8 Fidelity Investments' $105 billion Contrafund is having a bad three-year run, but you would never know it by looking at its fees.
Dec 6 LMI Aerospace, which supplies components to the aerospace and defense industries, said it will buy Valent Aerostructures for about $237 million, plus about $9.7 million of certain retained obligations.
LMI Aerospace is expected to generate over $480 million in revenue based on projected 2013 results of the combined entities, the company said in a statement.
The deal is expected to close Dec 31, 2012, LMI Aerospace said.
* Abivax reports new preclinical data supporting ABX464 as hiv functional cure and novel treatment for inflammatory diseases at HIV DART meeting
* Japan's estimate of compensation for victims of Fukushima nuclear disaster, scrapping of plant's reactors will nearly double to 21.5 trillion Yen - Nikkei