With bids for Columbia Management closer to $2B than the $3B it wants, BoA (BAC) may break the...

|By:, SA News Editor

With bids for Columbia Management closer to $2B than the $3B it wants, BoA (BAC) may break the asset manager into two pieces to boost results. The tepid bids come after BlackRock (BLK), the most likely suitor, opted to buy Barclays' (BCS) BGI investment unit instead.