Reuters - PE Firms Buy Duff & Phelps for $665.5M
A group of private equity firms, including the Carlyle Group, struck a deal on Sunday to buy financial advisory and investment banking firm Duff & Phelps Corp. for about $665.5 million. Duff & Phelps said the firms will pay $15.55 a share to stockholders. The other buyers in the consortium are Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group. The buyers are offering a premium of 19.2 percent for the company, which closed at $13.05 a share on Friday.
31 December 2012•2 mins read
