Man and GLG complete acquisition to create $63 billion manager
Thu Oct 14, 2010
Man Group and GLG Partners have announced that the
recommended $1.6 billion acquisition of GLG by Man has been
completed, following the approval of the transaction by GLG
shareholders earlier this week.
The two firms said the deal will create a multi-style,
performance-focused alternative asset manager with funds of
around $63 billion under management - with GLG now becoming a
wholly-owned subsidiary of Man.
"The acquisition of...
ISSN: 2151-1845 / CDC10004H
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