|Bid||14.19 x 0|
|Ask||14.28 x 0|
|Day's Range||14.36 - 14.36|
|52 Week Range||13.86 - 21.12|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business, according to people familiar with the matter.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMeta to Cut Headcount for First Time, Slash Budgets Across TeamsPutin Says Annexati
Italian insurer Generali has held informal deal talks with Guggenheim Partners on a range of options including a full acquisition of the U.S. investment firm's asset management business, Bloomberg News reported on Friday, citing sources. The options also include a partnership or a strategic investment in Guggenheim, and are intended to bolster the Italian company's asset management business, the report said. Under a plan unveiled in December, Generali had earmarked up to 3 billion euros ($2.9 billion) for mergers and acquisitions in insurance and asset management businesses, citing possible deals in Europe, Asia and the United States.
Generali has been exploring several dossiers in the U.S. for a potential acquisition in the asset management business, a source close to the matter said after a report that the Italian insurer may be considering a deal with U.S.-based Guggenheim Partners. Bloomberg News said Italy's biggest insurer has held informal talks on options ranging from a full acquisition of Guggenheim's asset management business to a partnership or strategic investment, citing people familiar with the matter. The source told Reuters Guggenheim may be among the dossiers that Generali had looked at.