TIAA-CREF buying Nuveen for $6.25B

Published April 14, 2014 12:33pm ET



NEW YORK (AP) — Financial services provider TIAA-CREF says it’s buying investment manager Nuveen Investments in a deal valued at $6.25 billion including debt.

Nuveen has about $221 billion in assets under management, bringing TIAA-CREF’s total to about $800 billion. TIAA-CREF says the addition boosts its position as a retirement and financial services provider and expands its variety of products and services.

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