Edelman Board Approves Lee Equity's $258M Take-Private Bid
The wealth management firm said Lee Equity would pay $8.85 in cash for each common share of Edelman Financial. That represents a 43 percent premium over Edelman Financial's closing price of $6.18 on the Nasdaq Stock Exchange on Friday, Edelman Financial said.
Under the terms of the agreement, a special committee of Edelman...
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