CALL IT RUSSELL 1,000,000,000 WHEN FIRM GOES ON THE BLOCK: IPO, Merger, Spinoff, Sale?
Frank Russell Co. of Tacoma, Wash., probably would fetch about $1 billion whether it sells itself through an IPO or to another financial services company.
Given a hot stock market and record-breaking financial services transactions, no one seemed surprised last week when news surfaced that Russell Chairman George F. Russell Jr. had hired Goldman Sachs & Co. to explore future directions. Meanwhile, Goldman is exploring its own such options.
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