Mergers & Acquisitions
May 8, 2001
Shearman & Sterling: French Banking Giant Buys TCW Group in Los Angeles
SG Asset Management, a wholly-owned subsidiary of French banking giant Societe Generale Group, is buying 70 percent of Los Angeles-based investment firm The TCW Group Inc. TCW employees retain ownership of the remaining 30 percent.
The stock deal, to be implemented over five years, is worth $1.3 billion.
TCW's asset manage...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In