Edelman Shareholders Approve Merger with Lee Equity Partners

September 17, 2012

On September 13, 2012, The Edelman Financial Group (NASDAQ: EF) announced that its shareholders voted to approve a merger agreement with an affiliate of private equity firm Lee Equity Partners.


On September 13, 2012, The Edelman Financial Group Inc. (NASDAQ: EF) announced that its shareholders voted to approve a merger agreement with an affiliate of Lee Equity Partners, LLC.  Lee Equity is a New York-based middle market private equity investment firm.  Edelman is a wealth management company with approximately $18 billion in assets under management.  Upon consummation of the merger, which is expected to be completed on September 19, 2012, Edelman shareholders will receive $8.85 in cash per share of Edelman common stock.  After the transaction, Edelman will become a privately held company and will delist from the Nasdaq Stock Market. 

 

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions