Nomura Said to Seek Stake in American Century for $1 BillionBy
Japanese firm seeking to expand into U.S. retail markets
Purchase from CIBC said due to take place in early 2016
Nomura Holdings Inc., Japan’s biggest brokerage, plans to pay about $1 billion for a stake of around 40 percent in U.S. money manager American Century Investments, according to a person familiar with the matter.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.