Henderson Global Investors ends talks with US-based RidgeWorth
UK - Discussions between Henderson Global Investors and SunTrust Bank about a partial take over of RidgeWorth Capital Management have ended, Henderson has confirmed.
The company announced they were in talks to buy certain parts of US business RidgeWorth in mid-April, but now these have been terminated.
Richard Acworth, spokesman for Henderson, said: "In these transactions, there are a number of factors that need to be considered and agreed upon.
"There is no one particular factor that can be named for our decision to end our discussions."
Owned by SunTrust Banks, RidgeWorth administered $65.5bn (€48.7bn) in assets at the end of March.
In April, it was reported Henderson was interested in acquiring funds that amounted to about half of all assets under management at the SunTrust subsidy.
More recently, Henderson successfully bought New Star Asset Management.
As of the end of 2009, funds administered by the company were worth £58.1bn.