British firm ends talks for SunTrust unit

Press release from the issuing company

Monday, June 21st, 2010

SunTrust Banks said it is still reviewing options for portions of its RidgeWorth Capital Management subsidiary, following the end of talks with a British firm that sought to acquire parts of the unit.

Atlanta-based SunTrust had been in talks since April with Henderson Group, the United Kingdom’s third-largest independent money management firm. But Henderson Group released a statement Friday saying it terminated the negotiations because both “parties have not reached agreement on terms.” (read more at ajc.com)

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