SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 16, 1995
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NEW ENGLAND INVESTMENT COMPANIES, L.P.
_________________________________________________________________
(Exact name of Registrant as specified in its charter)
Delaware 1-9468 13-3405992
_________________________________________________________________
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
399 Boylston Street, Boston, Massachusetts 02116
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(Address of principal executive offices) (Zipe Code)
Registrant's telephone number, including area code (617) 578-3500
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Item 7. Financial statements and Exhibits
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Press release dated August 17, 1995.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: August 17, 1995 By: G. Neal Ryland
_____________________________ __________________________
G. Neal Ryland
Executive Vice President,
Chief Financial Officer and
Chief Accounting Officer
New
England
Investment
Companies, L.P.
NEWS RELEASE
FOR IMMEDIATE RELEASE
Contact: Laurence J. Dwyer 617/578-1686
New England Investment Companies, L.P. Says MetLife/The New
England Merger Should Bring Opportunities for Growth
BOSTON (August 17, 1995) -- The New England announced
yesterday that its board of directors voted to approve an
agreement to merge into Metropolitan Life Insurance Company.
When the merger is consummated, expected early next year, The New
England will transfer ownership of its majority interest in New
England Investment Companies, L.P. (NYSE: NEW) to MetLife.
"MetLife has indicated its firm support of the
entrepreneurial environment fostered by New England Investment
Companies," said Peter S. Voss, Chairman and CEO of New England
Investment Companies, L.P. "As an independent, publicly traded
company, we look forward to identifying new opportunities for
growing our business for the benefit of all unitholders. This
new association should provide our strong and diverse group of
money managers access to the MetLife client base."
The transfer of The New England's interest could also cause
a technical termination and reconstitution of NEIC as a
partnership for federal income tax purposes. The parties have
agreed to cooperate to prevent this from occurring.
Nevertheless, were this to occur, management expects to preserve
- more -
to public unitholders the benefits of amortization tax deductions
that they would have enjoyed if the termination had not occurred.
Termination, if it occurred, would have no effect on NEIC's
continuing status as a master limited partnership.
New England Investment Companies is a limited partnership
with more than $68 billion in assets under management made up of
twelve subsidiaries, divisions and affiliates offering a wide
array of investment styles and products to institutional and
individual clients. Its business units include Back Bay
Advisors; Copley Real Estate Advisors; Draycott Partners;
Graystone Partners; Loomis, Sayles & Co.; Marlborough Capital
Advisors; New England Funds; New England Investment Associates;
Reich & Tang Capital Management; Reich & Tang Mutual Funds Group;
Westpeak Investment Advisors; and New England Investment
Companies' affiliate, Capital Growth Management.
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