State Street buys Goldman Sachs’ administration business
Thu Jul 19, 2012
State Street has confirmed long-standing industry
speculation with the announcement that it is to acquire Goldman
Sachs Administration Services (GSAS) in a cash transaction with
a total purchase price of $550 million. The purchase is set to
be finalised in the fourth quarter.
The firm said its acquisition of Goldman's hedge fund
ISSN: 2151-1845 / CDC10004H
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