Transamerica to Buy Investment Company: Transamerica Corp.,...
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Transamerica to Buy Investment Company: Transamerica Corp., San Francisco, will acquire Criterion Group of Houston, an investment management company, for $94.3 million in cash. Criterion Group will be operated as a separate subsidiary of Transamerica Corp. and continue to be based in Houston, said James Harvey, Transamerica’s chairman and chief executive. The deal, expected to be completed in the third quarter of this year, is subject to the approval of Criterion’s shareholders.
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