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State Street to Acquire Goldman Sachs Administration Services

Boston and New York – July 17, 2012 – State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has agreed to acquire Goldman Sachs Administration Services (GSAS), a leading hedge fund administrator, from The Goldman Sachs Group, Inc. (NYSE: GS) in a cash transaction with a total purchase price of $550 million, subject to certain adjustments.

Read the State Street Press Release [PDF, 83 KB]