Eaton Vance Agrees To Acquire Assets Of Calvert Investment Management

(RTTNews) - Eaton Vance Corp. (EV) Friday announced the execution of a definitive agreement to acquire the business assets of Calvert Investment Management, Inc., an indirect subsidiary of Ameritas Holding Company. The financial terms of the deal is not revealed.

The Boards of Trustees of the Calvert mutual funds have voted to recommend to Fund shareholders the approval of investment advisory contracts with a newly formed Eaton Vance affiliate, to operate as Calvert Research and Management, if the transaction is consummated.

John Streur, president and chief executive officer of Calvert said, "By combining Calvert's expertise in sustainability research with Eaton Vance's investment capabilities and distribution strengths, we believe we can deliver best-in-class integrated management of responsible investment portfolios to investors across the U.S. and internationally. Eaton Vance is the ideal partner to help Calvert fulfill its mission to deliver superior long-term performance to clients and achieve positive impact."