{"id":10933,"date":"2009-07-01T00:00:00","date_gmt":"2009-07-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bofas-asset-management-unit-gets-lukewarm-bids-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/bofas-asset-management-unit-gets-lukewarm-bids-report.html","title":{"rendered":"BofA&#8217;s asset management unit gets lukewarm bids: report"},"content":{"rendered":"<p>Reuters &#8211; Bank of America Corp&#8217;s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc, inked a blockbuster deal to buy Barclays Global Investor, the Financial Times reported, citing people close to the matter.                 <\/p>\n<p> Bank of America has been trying to sell its Boston-based Columbia Management <a class=\"kLink\" target=\"undefined\"><\/a> unit since earlier this year, but the bank has so far not announced a deal for the unit.<\/p>\n<p> The company is hoping to get at least $3 billion from a sale of Columbia Management, but bids so far have come in closer to $2 billion, the paper said, citing the people.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20090701\/bs_nm\/us_bankofamerica_unitsale\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Bank of America Corp&#8217;s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc, inked a blockbuster deal to buy Barclays Global Investor, the Financial Times reported, citing people close to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5818,5816,584,13683,9499,13684,100,13685,4416,13687,1562,5736,4326,13686],"class_list":["post-10933","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bank-of-america","tag-bank-of-america-corp","tag-barclays","tag-barclays-global-investor","tag-blackrock-inc","tag-blockbuster-deal","tag-boston","tag-columbia-management","tag-financial-times","tag-inked","tag-investment-management","tag-management-unit","tag-reuters","tag-suitor"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10933"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10933\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}