Scudder and Kemper European funds propose merger
February 1, 1999
The boards of Scudder New Europe Fund and Kemper Europe Fund announced their approval of the reorganization of both funds into a single open-end fund. The combination must be approved by shareholders of both funds.
After the reorganization, the new open-ended Scudder New Europe Fund will be renamed the Kemper Europe Fund. The transactions are expected to be completed in the third quarter of 1999.