On March 14, 2016, Goldman Sachs Group Inc. announced that its Investment Management Division has agreed to acquire Honest Dollar.
The Investment Management Division of Goldman Sachs Group Inc. plans to acquire Austin, Texas-based Honest Dollar, a web- and mobile-based retirement savings platform. After the transaction closes, Honest Dollar will remain based in Austin.
The transaction is subject to certain conditions and is expected to close in the second quarter of 2016. The terms were not disclosed.
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