BlackRock, Ameriprise may buy BoA's Columbia -report

Thu Jul 16, 2009 4:18pm EDT
 
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NEW YORK, July 16 (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. (For more M&A news and our DealZone blog, go to www.reuters.com/deals)

 

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