On April 18, 2012, Yacktman Asset Management Co. announced that Affiliated Managers Group (NYSE: AMG) had agreed to purchase a majority ownership interest in Yacktman, which will continue to operate autonomously.
On April 18, 2012, Yacktman Asset Management announced that Affiliated Managers Group will be purchasing a majority ownership interest in the firm. After the transaction, Yacktman management will continue to operate independently and receive a majority of the revenue and economics of the firm. As a part of the transaction, certain Yacktman senior professionals have enterd into long term employment agreements. AMG is a publicly-traded global asset management company that focuses on investments in boutique money management firms. AMG’s partner investment firms collectively manage approximately $352 billion in assets. Yacktman is an investment management company with approximately $17 billion of assets under management and advises The Yacktman Fund and The Yacktman Focused Fund. Terms of the transaction were not disclosed.
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