Market Overview

Duff & Phelps to be Acquired by Private Equity Consortium for $15.55/Share in Cash

Related DUF
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UPDATE: Goldman Sachs Raises PT to $15.50 on Duff & Phelps on Improving Outlook

Duff & Phelps Corporation (NYSE: DUF) announced Sunday that it has entered into a definitive merger agreement under which
a consortium (“the Consortium”) comprising controlled affiliates of or
funds managed by The Carlyle Group (NASDAQ: CG), Stone Point Capital LLC, Pictet &
Cie and Edmond de Rothschild Group will acquire the Company for $15.55
per share in cash in a transaction valued at approximately $665.5
million.

The offer represents a 19.2% premium to the closing price of Duff &
Phelps shares on December 28, 2012, and 27.3% over the Company's volume
weighted average share price during the 30 days ended December 28, 2012.
The transaction is

See full press release

Posted-In: Earnings News Guidance Asset Sales Management M&A Global

 

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