Focus Financial Partners Inc. announced an agreement to be acquired in a cash deal valued at over $7 billion by Clayton, Dubilier & Rice (CD&R) and Stone...
Focus Financial Partners Inc.
announced an agreement to be acquired in a cash deal valued at over $7 billion by Clayton, Dubilier & Rice and Stone Point Capital LLC. The wealth management firm’s stock was halted for news, until 8:00 a.m. Eastern. Under terms of the agreement, Focus shareholders will receive $53 in cash for each Focus share they own, which represents a 5.6% premium to Friday’s closing price of $50.20. The per-share bid is also 14.5% above to the Feb. 1 closing price of $46.
announced an agreement to be acquired in a cash deal valued at over $7 billion by Clayton, Dubilier & Rice and Stone Point Capital LLC. The wealth management firm’s stock was halted for news, until 8:00 a.m. Eastern. Under terms of the agreement, Focus shareholders will receive $53 in cash for each Focus share they own, which represents a 5.6% premium to Friday’s closing price of $50.20. The per-share bid is also 14.5% above to the Feb. 1 closing price of $46.
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