Van Kampen acquired for $1.2 billion // Morgan Stanley buys fund firm

From: Chicago Sun-Times | Date: June 25, 1996| Author: LISA HOLTON | Copyright information

In a deal that could signal further consolidation throughout the mutual fund industry, investment bank Morgan Stanley Monday agreed to buy Oakbrook Terrace-based Van Kampen American Capital Inc. in a deal worth $1.175 billion.

Van Kampen, with more than 500 employees here, is the nation's 24th-largest mutual fund family, the Investment Company Institute says. It is viewed as a "wholesaler" of mutual funds, meaning that most of its products are sold through independent investment man...

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