Intesa Sanpaolo Ends Speculation of a Bid for Generali
Intesa has announced that, having reviewed Generali, it was unable to identify opportunities for synergies to grow in insurance, asset management, and private banking. Generali had made clear from the outset that any approach from Intesa Sanpaolo would be hostile. We maintain our no-moat rating and EUR 15.00 per share fair value estimate for Generali, as we noted earlier that this combination was unlikely.We believed the bid speculation that occurred around Jan. 24 was unlikely to proceed. At t...
AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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