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DUF Duff & Phelps Corp. Class A

15.54
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Duff & Phelps Corp. Class A NYSE:DUF NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.54 0.00 01:00:00

Private Investor Consortium Completes Acquisition of Duff & Phelps Corporation

23/04/2013 2:05pm

Business Wire


Duff & Phelps Corp. Class A (NYSE:DUF)
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Duff & Phelps Corporation today announced the completion of its acquisition by a consortium comprising The Carlyle Group, Stone Point Capital LLC, Pictet & Cie, on behalf of certain of its clients, and funds managed by Edmond de Rothschild Group in an all-cash transaction valued at approximately $665.5 million.

As previously disclosed, the transaction was approved by the Company’s stockholders at a special meeting of stockholders held April 22, 2013. Pursuant to the terms of the merger agreement, the Company’s Class A stockholders are entitled to receive $15.55 per share of Class A common stock in cash without interest. As a result of the merger, the Company’s Class A common stock will no longer be listed for trading on the New York Stock Exchange.

Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of the Company’s Class A common stock in exchange for the merger consideration. Stockholders of record should wait to receive the letter of transmittal before surrendering their shares.

Advisors

Duff & Phelps:

  • M&A: Centerview Partners
  • Legal: Kirkland & Ellis LLP

The Consortium:

  • M&A: Sandler O’Neill + Partners, L.P. (Lead Advisor), Credit Suisse, Barclays, RBC Capital Markets
  • Financing: Credit Suisse, Barclays, RBC Capital Markets
  • Legal: Wachtell, Lipton, Rosen & Katz

About Duff & Phelps

As a leading global financial advisory and investment banking firm, Duff & Phelps leverages analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in valuation, M&A and transaction advisory, restructuring, alternative asset advisory, disputes, taxation and transfer pricing – with more than 1,000 employees serving clients from offices in North America, Europe and Asia. Investment banking services in the United States are provided by Duff & Phelps Securities, LLC; Pagemill Partners; and GCP Securities, LLC. Member FINRA/SIPC. M&A advisory services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Conduct Authority. For more information, visit www.duffandphelps.com.

1 Year Duff & Phelps Corp. Class A Chart

1 Year Duff & Phelps Corp. Class A Chart

1 Month Duff & Phelps Corp. Class A Chart

1 Month Duff & Phelps Corp. Class A Chart

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