Tuesday, January 22, 2008

NSAM

"PRIVATE-EQUITY firms and investment groups are circling New Star Asset Management after the fund manager issued a shock profit warning and slashed its dividend. Potential buyers are expected to start examining bids as early as this week after the warning sparked a 31% dive in the share price and wiped £106m off the group’s value."

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3215591.ece