Prepare for the largest wealth transfer in history
The private equity investment firm Madison Dearborn will pay $1.3 billion for NFP's stock, representing a 26% premium for NFP's shareholders.
Wealth management services provider National Financial Partners Corp. said Monday that it would sell itself to private equity firm Madison Dearborn Partners LLC for about $1.01 billion.
A National Financial Partners Corp. shareholder sued to block the firm's $1.3 billion sale to Madison Dearborn Partners LLC's, a Chicago-based private equity firm.
Treasury yields climb, bucking 8 sessions of declines
BOND REPORT: Treasury Yields Climb, Bucking 8 Sessions Of Declines
Joe Duran and United Capital Financial Partners turn the equation on its head.
"The smart money is coming in," said industry consultant Tim Welsh, president of Larkspur, Calif.-based Nexus Strategy, "and now we'll see how smart the smart money is. Can they wring efficiencies out of this model?"
In other M&A news, Envestnet completed its acquisition of Prudential WMS, and Madison Dearborn Partners completed its NFP deal.
The monthly labor reports are important to understand but can be a little misleading when viewed from a single data point. by John Jagerson, Analyst for Learning Markets For traders that are unsure about the difference between ADP, NFP , BLS and a whole lot of other BS, this article should help. The NFP report tells us how many jobs were added or lost from the U.S