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Article: TWENTIETH CENTURY AND BENHAM TO JOIN FORCES; UNION IS LARGEST EVER BETWEEN NO-LOAD MUTUAL FUND GROUPS
- Article from:
- PR Newswire
- Article date:
- February 7, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO; KANSAS CITY, Feb. 7 /PRNewswire/ -- Twentieth Century Companies, Inc., and Benham Management International, Inc., today announced they have signed an agreement for Twentieth Century to acquire Benham Management, creating the nation's fifth-largest family of no-load mutual funds, with assets under management of $37 billion. When the transaction is finalized, the combined organization will offer investors more than 60 true, no-load equity and fixed income funds from a single provider.
The proposed merger, the largest ever between no-load mutual fund families, is subject to regulatory approvals and approval by the shareholders of Benham Management, the ...