According to sources cited by Reuters, bids for the Philadelphia-based Delaware are expected to come from private equity and strategic buyers over the next couple of weeks.
The sale of Delaware Investments, which had more than $115 billion in assets under management as of December 31, is being handled by Goldman Sachs, according to the report.
Reuters: Lincoln to Sell Delaware Asset Management Unit
U.S. life insurer Lincoln National Corp. is selling its Delaware Investments asset management unit, according to Reuters.