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State Street Acquires Charles River

State Street Corporation today announced that it has entered into a definitive agreement to acquire Charles River Systems, Inc., a provider of investment management front office tools and solutions, for $2.6bn in cash. When integrated with State Street’s existing front, middle and back office capabilities, Charles River Development’s front-office systems will enable State Street to deliver a global front-to-back platform for asset managers and asset owners that will be unique in the investment servicing industry.  “Today’s announcement represents an important milestone in our digital and technology transformation aimed at providing clients with differentiated solutions and data. This acquisition will also enable us...