Summary
BOSTON - State Street Corp. said Monday that it will buy Investors Financial Services Corp. for $4.18 billion in stock to expand into providing institutional asset services for the fast- growing hedge fund industry and funds managed overseas.
State Street said it eclipsed other bidders in reaching a deal between two Boston-based firms that would pay IFS investors a 38 percent premium on the value of their shares.See the full content of this document
Extract
State Street Corp. To Expand in Deal
Shares of Investors Financial Services soared nearly ...
See the full content of this document
Sponsored links
