Key Developments For T Rowe Price Group Inc
T Rowe Price Group Inc (TROW.O) (Nasdaq)
T. Rowe Price Group, Inc. To Acquire Stake In UTI Asset Management Company
T. Rowe Price Group, Inc. announced that it has entered into definitive agreements to acquire a 26% stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt. Ltd. for INR6.5 billion (approximately $138 million based on current exchange rates). The transaction is subject to receipt of requisite regulatory approvals and is expected to close in the fourth quarter of 2009.
T. Rowe Price Group, Inc. Rises On To Buy 26% Stake Of Indian Fund Firm UTI-Reuters
Reuters reported that T. Rowe Price Group, Inc. is in talks to buy a stake in a fund firm in India. The Company is in talks to buy a 26% stake in India's UTI Asset Management Co.
T. Rowe Price Group, Inc. Declares Quarterly Dividend
T. Rowe Price Group, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.25 per share payable December 29, 2009 to stockholders of record as of the close of business on December 15, 2009.
T. Rowe Price Group, Inc. To Buy 26% In UTI Asset Management Company Limited-Reuters
Reuters reported that T. Rowe Price Group, Inc. will buy a 26% stake in UTI Asset Management Company Limited. One of the sources said the deal would be worth $125 million to $135 million, which would value UTI at 3%-3.4% of its August end average assets under management of about INR740 billion ($15.5 billion).
T. Rowe Price Group, Inc. Declares Quarterly Dividend
T. Rowe Price Group, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.25 per share payable September 28, 2009, to stockholders of record as of the close of business on September 14, 2009.
