Calvert Investment business assets to be acquired by Eaton Vance

By Tali Rackner

Norfolk, Va., Oct. 21 – The business assets of Calvert Investment Management, Inc., an indirect subsidiary of Ameritas Holding Co., are being acquired by Eaton Vance Corp., according to an Eaton Vance press release.

In conjunction with the proposed acquisition, the boards of trustees of the Calvert mutual funds 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 completed.

Closing is expected by Dec. 31.

Because the transaction is structured as an asset purchase, liabilities in connection with Calvert's previously disclosed compliance matters and other pre-closing obligations will remain with the seller, the release said.

Terms of the transaction are not being disclosed.

Bethesda, Md.-based Calvert and Boston-based Eaton Vance are investment management companies.

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