Yacktman Fund Comments on State Street

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Nov 07, 2018

State Street (NYSE:STT) fell after announcing it would spend $2.6 billion to acquire Charles River Systems. We continue to like State Street’s valuation and market position, but were disappointed with the price of the Charles River deal.

From Yacktman Asset Management (Trades, Portfolio)'s Yacktman Fund (Trades, Portfolio) third quarter 2018 shareholder letter.