Article: CITY NATIONAL MAKES DEAL MONEY MANAGEMENT FIRM IS PURCHASED.(Business)

Byline: Chris Sieroty Staff Writer

BEVERLY HILLS - City National Corp. has agreed to buy Reed, Conner & Birdwell, a Los Angeles money management firm with $1.1 billion in assets, a company official said Tuesday.

City National, parent of the largest bank headquartered in Southern California, will acquire the firm with stocks and notes to be paid over five years. The value of the transaction will be determined by the firm's profits in the coming years.

The deal, which is the Beverly Hills-based company's third since August 1999, is expected to close by the end of the year.

``What attracted us was their investment strategy as well as ...

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