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BMO bid for F&C could face rivals

Jan. 31, 2014 8:41 AM ETBank of Montreal (BMO) Stock, BMO:CA StockBMO, BX, KKRBy: Stephen Alpher, SA News Editor1 Comment
  • Bank of Montreal (NYSE:BMO) isn't the only North American fund manager looking to boost its presence in Europe, and there are a number in P-E - Blackstone (NYSE:BX) and KKR immediately come to mind - looking to get into fund management.
  • Ray Soudah - chief of an M&A consultancy - thinks there's a good chance BMO will have to boost its £700M offer.
  • F&C is a fat target after a couple of years of shareholder activism and management turnover - not a good thing for an asset manager, but also not damaging the brand name of a company whose history traces back to 1868.
  • Previous coverage

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