in Member Introductions by |
May 17
2010
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In a somewhat unusual deal involving two of the handful of global hedge fund firms that are publicly-traded, London's Man Group plc is buying London-based GLG Partners for about $1.6 billion, resulting in a money management firm with about $63 billion under management.
Under the terms of the deal, GLG's shareholders will receive $4.50 per share in cash.
