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TIAA-CREF announces plans to acquire Nuveen Investments for $6.25 billion, creating a combined firm with $800 billion under management. This deal propels TIAA-CREF into the top ranks of money management, positioning it closer to industry leaders such as BlackRock, Vanguard Group, and Fidelity Investments. The acquisition includes debt and will significantly expand the assets under management for both companies.
Sunday, 13 April, 2014