Man and GLG complete acquisition to create $63 billion manager

Thu Oct 14, 2010

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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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