Fisher settles TOWER buy
Friday, April 5th 2013, 2:57PM
Fisher Funds has settled the purchase of TOWER's investment business paying $79 million.
TOWER Group managing director Rob Flannagan all TOWER Investments staff have been offered continuous employment with Fisher Funds.
TOWER is due to return $120 million to shareholders next week following the sale of its health business. It is reviewing its capital requirements and has yet to decide if the proceeds from the investment business sale will be distributed.
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