Key Developments: Franklin Resources Inc (BEN)
168.32USD
17 May 2013
$2.37 (+1.43%)
$165.95
$166.70
$168.40
$165.19
535,527
572,494
$168.76
$100.91
Latest Key Developments (Source: Significant Developments)
Franklin Resources Inc's Subsidiary Increases Stake in Uponor Corp
Uponor Corp announced that the holdings of Franklin Templeton Institutional, LLC, a wholly-owned subsidiary of Franklin Resources Inc, reached 10.01% on March 12, 2013. The number of shares and voting rights held by the company now amounts to 7,325,055 shares against the previous holding of 3,693,458 shares. According to the notification, no individual fund or client account managed by Franklin Templeton Institutional, LLC holds 5% or more. Uponor Corporation number of shares totaled 73,206,944 on March 1, 2013. Full Article
Franklin Resources Inc Announces Quarterly Dividend
Franklin Resources Inc announced a quarterly cash dividend in the amount of $0.29 per share payable on April 12, 2013 to stockholders of record holding shares of common stock at the close of business on March 28, 2013. Full Article
Ivanhoe Australia Ltd Announces Holding Interest Of Franklin Resources, Inc. And Its Affiliates
Ivanhoe Australia Ltd announced that Franklin Resources, Inc. and its affiliates have an interest of 37,708,479 ordinary shares, which represents 5.28% of voting power in the Company. Full Article
Franklin Resources Inc Declares USD0.29 Quarterly Cash Dividend
Franklin Resources Inc announced a quarterly cash dividend in the amount of USD0.29 per share payable on December 31, 2012 to stockholders of record holding shares of common stock at the close of business on December 14, 2012. The quarterly dividend of USD0.29 per share represents a 7% increase over the dividends paid the prior quarter and the same quarter last year. Full Article
Franklin Resources Inc Announces Special Cash Dividend
Franklin Resources Inc announced that special cash dividend in the amount of $3.00 per share payable on December 20, 2012 to stockholders of record holding shares of common stock at the close of business on December 6, 2012. Full Article
Franklin Resources Inc's Franklin Templeton Investments Completes Purchase Of Majority Stake In Fund Of Hedge Funds Specialist K2 Advisors
Franklin Resources, Inc., which operates as Franklin Templeton Investments, announced that it has completed the acquisition of a majority stake in K2 Advisors Holdings LLC (operating through its subsidiaries, K2), a independent fund of hedge funds manager, enhancing Franklin Templeton's alternative investments and multi-asset solutions platforms. The proceeds of this transaction by Franklin Templeton will be used by K2 to purchase all of the equity currently held by TA Associates and to retire all of K2's debt obligations. The current management of K2 has not sold any of its interests and has not received any up-front consideration in this transaction. Franklin Templeton will acquire the remainder of K2 over a multi-year period. Terms of the transaction were not disclosed. Full Article
Franklin Resources Inc Announces Pricing of Notes Offering
Franklin Resources Inc announced the pricing of its public offering of $300 million aggregate principal amount of its 1.375% Notes due 2017 at an issue price of 99.455% and $300 million aggregate principal amount of its 2.800% Notes due 2022 at an issue price of 99.750%. The offering is expected to close on September 24, 2012. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. The offering is being made pursuant to an effective registration statement filed by Franklin Resources, Inc. with the Securities and Exchange Commission on September 19, 2012. The Company intends to use the net proceeds from the proposed offering to redeem all of its outstanding 2.000% notes due May 20, 2013, to finance its acquisition of a majority stake in K2 Advisors Holdings LLC and the remainder for general corporate purposes. The foregoing does not constitute a notice of redemption for or an obligation to issue a notice of redemption for the Company's outstanding notes. Full Article
Franklin Resources Inc Announces Agreement To Acquire Majority Stake In K2 Advisors Holdings LLC
Franklin Resources Inc announced that it has agreed to acquire a majority stake in K2 Advisors Holdings LLC (K2), a independent fund of hedge funds manager. This acquisition will enhance Franklin Templeton's alternative investments and multi-asset solutions platforms. The proceeds of this acquisition by Franklin Templeton will be used by K2 to purchase all of the equity currently held by TA Associates and to retire all of K2's debt obligations. The current management of K2 will not sell any of its interests at this time and will receive no up-front consideration in this transaction. Beginning in 2016, Franklin Templeton will acquire the remainder of K2 over a multi-year period. The transaction is subject to certain conditions including regulatory approval and is expected to close in the calendar fourth quarter of 2012. Full Article
Franklin Resources Inc Announces Quarterly Dividend
Franklin Resources Inc announced a quarterly cash dividend in the amount of $0.27 per share payable on October 12, 2012 to stockholders of record holding shares of common stock at the close of business on September 28, 2012. The quarterly dividend of $0.27 per share is equivalent to the dividend paid for the prior quarter and represents an 8% increase over the quarterly dividend paid for same quarter last year. Full Article
Franklin Resources, Inc. Announces Quarterly Dividend
Franklin Resources, Inc. announced a quarterly cash dividend in the amount of $0.27 per share payable on July 13, 2012 to stockholders of record holding shares of common stock at the close of business on June 29, 2012. The quarterly dividend of $0.27 per share is equivalent to the dividend paid for the prior quarter and represents an 8% increase over the quarterly dividend paid for same quarter last year. Full Article
Rising markets draw back investors, boost U.S. fund firms
- Major U.S. money managers on Tuesday reported higher quarterly profits that largely beat Wall Street expectations after rising stock markets renewed investor interest in higher-fee equity funds.
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