With No New Offers, $665M Carlyle Bid Wins Duff & Phelps

Law360, New York (February 11, 2013, 4:03 PM EST) -- New York financial services firm Duff & Phelps Corp. closed out a go-shop period without finding a better bid than a $665 million offer leveled late last year by private equity titan Carlyle Group LP and others, it said Monday.

The advisory firm had cast a wide net, contacting 27 potential outside suitors during the window that closed Feb. 8. Of the total pool, five parties entered negotiations with Duff & Phelps. Despite the headway, none of the prospective buyers lobbed its own offer, the firm...
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