U.S.-based investment firm Searchlight Capital Partners on Monday said it will buy British alternative asset manager Gresham House for 469.8 million pounds ($614.87 million).
July 17 - U.S.-based investment firm Searchlight Capital Partners on Monday said it will buy British alternative asset manager Gresham HouseUnder the terms of the deal, Gresham's shareholders will receive 1,105 pence in cash for each share held, which represents a premium of 62.5% to the stock's last closing price.
Gresham House directors intend to recommend that shareholders vote in favour of the deal, Searchlight said in a statement.
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