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Federated Investors, Inc.
FII, one of the nation's largest investment
managers, and Fifth Third Bank announced that a definitive agreement has been
reached regarding the acquisition of certain assets relating to the management
of Fifth Third money market funds. In connection with the acquisition,
approximately $5 billion of money market assets will be reorganized from four
Fifth Third money market funds into four existing Federated money market funds
with similar investment objectives. The transaction is not expected to have a
material impact on Fifth Third Bancorp's results.
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