Power Corp.’s reported acquisition of Putnam Investments is likely to be the first of many additional U.S. purchases, an analyst told Canadian Business.

“This will give them a starting point, but there will likely be further acquisitions in the U.S. because they want to be a big player in that market,” a Toronto analyst said on the condition that his name be withheld.

“It makes sense from the trends they are trying to take of on the demographic side. The challenge is this is a business that is a turnaround story,” the analyst added.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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