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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Goldman Sachs Group Inc | NYSE:GS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
7.85 | 1.87% | 427.90 | 428.53 | 419.64 | 420.23 | 2,322,677 | 00:49:51 |
By Liz Hoffman
Goldman Sachs Group Inc. is nearing a deal to acquire investment management firm United Capital Financial Partners Inc. expanding its push into managing assets for individuals, according to people familiar with the matter
The deal would be Goldman's biggest deal since the financial crisis and could be announced as soon as Monday, the people said.
United Capital, based in Newport Beach, Calif., manages some $24 billion in client assets and had more than 220 advisors. The exact price couldn't be determined, but Goldman is paying several hundred million dollars, some of the people said.
(More to come)
(END) Dow Jones Newswires
May 10, 2019 16:25 ET (20:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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