TSB Community Trust takeover of Fisher Funds

[justakiwi]

Can somebody please explain to me how the above acquisition might affect Kingfish (company and shares) given that Kingfish is currently managed by Fisher Funds.

Remember, I'm a newbie so if this is a stupid question please just answer it anyway ;)

[stones]

I would think this a positive move considering the involvement of TSB around the country re sponsorship and their profile generally. No such thing as a stupid question, as opposed to a stupid answer...

[Jay]

part of the deal is TSB at the same time are to sell off 25% approx. to TA Associates, a private fund manager, then a further 9% to take it to 34% once the sale goes thru - something like that anyway!
Carmel to stay on the Board at this stage.

[justakiwi]

So will Fisher Funds remain as Fisher Funds under the TSB umbrella? Just trying to figure out what, if anything, will change for Kingfish management from here on.

[stones]

I have read on the ANZ Shareholding website that ther will be no change in management. I understand this statement to be true for the foreseeable future.

[justakiwi]

Thanks for that!