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May 31, 2023 · Great-West Lifeco has agreed to sell Putnam Investments to Franklin Templeton, a leading at-scale and diversified global asset manager with a broad range of investment and distribution capabilities The transaction unlocks the value of Putnam Investments and facilitates the continued focus of Lifeco’s U.S. strategy on retirement and personal wealth
Jan 2, 2024 · Various forward-looking statements in this press release relate to the strategic relationship between Franklin Resources, Inc. (“Franklin”), Great-West, the Power Group of Companies and the acquisition by Franklin of Putnam from Great-West including regarding expected growth, client and stockholder benefits, key assumptions, revenue realization, financial benefits or returns. accretion and ...
Jan 2, 2024 · N/A. says it has closed the sale of Putnam Investments. The company first announced the deal to sell the business to Franklin Resources Inc., which operates as Franklin Templeton, in May 2023. The ...
May 31, 2023 · The companies said Wednesday that Franklin Templeton has agreed to pay $925 million for Putnam — about $825 million in stock up-front, or 33.3 million shares, and about $100 million in cash when ...
- Michael Thrasher
May 31, 2023 · Franklin will pay Putnam’s owner, Great-West Lifeco, $925mn in cash and shares up front and up to $375mn more over the next seven years if revenue targets are reached. The deal gives the ...
- Brooke Masters
May 31, 2023 · Franklin Templeton will initially pay $925 million in shares and cash to acquire Putnam from Great-West Lifeco Inc., which is controlled by the Desmarais family’s Power Corp. of Canada group. Franklin, which managed $1.4 trillion at the end of April, has been on deal spree , including buying two alternative-asset managers over the past two years to expand in scale and capabilities.
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May 31, 2023 · By The Canadian Press. Posted May 31, 2023, 11:15AM ADT. WINNIPEG — Great-West Lifeco Inc. has signed a deal to sell U.S.-based asset manager Putnam Investments to Franklin Resources Inc. and agreed to a strategic partnership. Under the deal announced Wednesday, the company that operates as Franklin Templeton will make a payment of US$950 ...
