The deal expands T. Rowe Price's fixed income capabilities through the acquisition of F/m Investments.
T. Rowe Price has agreed to acquire F/m Investments, a fixed income asset manager. The transaction aims to strengthen T. Rowe Price's offerings in fixed income strategies.
Further details regarding the terms or timing of the acquisition were not immediately available.
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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