Financial M&A » By The Online Investor Staff, updated Thu., Aug. 5, 2:01 AM
Recent mergers and acquisitions in the Financial M&A category.
| This Slide: #66 of 100 |
Slide #66. Manning & Napier, Inc. — 2100 Xenon
Acquirer:
Manning & Napier, Inc. (NYSE:MN)
Acquiree:
2100 Xenon
Details:
Manning & Napier, Inc. (NYSE:MN), ("Manning & Napier" or "the Company") today announced that it will acquire the business and operations of 2100 Xenon Group, LLC, an alternative investment manager specializing in managed futures and global macro strategies for institutional and individual clients. The acquisition will enhance Manning & Napier's alternative capabilities and provide increased product diversification to clients. The transaction is subject to certain regulatory approvals and is expected to close within the second quarter. Financial terms of the transaction were not disclosed.
Manning & Napier is an independent investment management firm that provides its clients with a range of financial solutions and investment strategies. Co. serves a client base of individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. Co. provides equity, fixed income and a range of blended asset portfolios by employing various approaches. Co.'s investment management offerings include distinct separate account composites and mutual funds and collective investment trusts.
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| Avg. Broker Rec.
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Strong Sell (0.00 out of 4) 97th percentile
(ranked higher than approx. 97% of all stocks covered)
Analysts' Target Price: MN Stock Forecast Based on Zacks ABR data; powered by Xignite |
