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FinancialNews


  • 25-04-13

    Carlyle Group-led consortium spends USD665.5m to acquire Duff & Phelps

    (MENAFN) A Carlyle Group-led consortium has paid USD665.5 million to buy US financial advisory Duff & Phelps, reported Arabian Business. According to the deal, Duff & Phelps Class A stock holders will receive USD15.55 per share of Class A common stock in cash without interest. Furthermore, following the transaction, shares of the company will not be listed on the New York Stock Exchange any more. Carlyle Group is 7.5-percent owned by Abu Dhabi's Mubadala Development Company. It is worth noting that Duff & Phelps provides services relating to valuation, mergers and acquisitions, restructuring and alternative asset advisory.

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