Franklin will pay US$925 million in cash and stock for Putnam from Great\u002DWest Lifeco, part of the Desmarais family’s Power Corp. Read on.
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Franklin Resources Inc. is buying Putnam Investments from its Canadian owners in a consolidation of two asset managers that have struggled to find growth.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
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Franklin Templeton to buy Putnam as Desmarais family exits - BNN BloombergFranklin Resources Inc. is buying Putnam Investments from its Canadian owners in a consolidation of two asset managers that have struggled to find growth.
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Franklin Templeton to buy Putnam from Great-West as Desmarais family exitsFranklin will pay US$925 million in cash and stock for Putnam from Great\u002DWest Lifeco, part of the Desmarais family’s Power Corp. Read on.
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