Cetera Financial to acquire Avantax in all-cash deal

Avantax

11/09/2023 13:45

Sept 11 (Reuters) - Financial advisor Cetera Financial
Group has agreed to acquire all of the issued and outstanding
equity of Avantax  AVTA.O  in an all-cash transaction, valuing
it at about $1.2 billion, including net debt, the companies said
on Monday. 

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by
Krishna Chandra Eluri)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))