Man Group Buys Rival GLG Partners for $1.6B
Hedge fund manager Man Group has agreed to purchase U.S. rival GLG Partners in a $1.6 billion deal that the buyer said Monday will help it diversify into new management strategies. Under the terms of the deal, which Man said values GLG at $1.6 billion, investors in the U.S. firm will receive $4.50 in [...]
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