Dow Jones

FRANKFURT - Deutsche Bank is said to be the current favorite to acquire the mutual fund manager Zurich Scudder Investments from its parent, Zurich Financial Services Group for between $2.5 billion and $3 billion.

However, officials at Zurich Scudder Investments remained tightlipped Thursday afternoon amid reports that Deutsche Bank AG has bid to acquire the firm. "We'll let you know when we have something to say," commented a Zurich Scudder spokeswoman.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.