iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

The Carlyle Group With Other Parties Buys $DUF for $665 Million

“Dec. 31 (Bloomberg) — Carlyle Group LP and investors including Swiss bank Pictet & Cie agreed to buy investment- banking firm Duff & Phelps Corp. (DUF) for $665.5 million.

The buyers, also including Stone Point Capital LLC and Geneva-based Edmond de Rothschild Group, will pay $15.55 a share, 19 percent more than Duff & Phelps’s closing price on Dec. 28. The transaction is expected to be completed in the first half, the companies said in a statement yesterday…”

Full report

If you enjoy the content at iBankCoin, please follow us on Twitter