Wealth management company National Financial Partners said it agreed to be bought by private equity investment firm Madison Dearborn Partners LLC for about $1.3 billion, including debt, Reuters reported. Madison Dearborn will pay $25.35 for each National Financial share, a premium of about 8 percent to the stock’s Friday close. National Financial shares were up about 6 percent before the bell on Monday.
(Reuters) – Wealth management company National Financial Partners said it agreed to be bought by private equity investment firm Madison Dearborn Partners LLC for about $1.3 billion, including debt.
Madison Dearborn will pay $25.35 for each National Financial share, a premium of about 8 percent to the stock’s Friday close.
National Financial shares were up about 6 percent before the bell on Monday.
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