Focus Financial surges on $4.1 bln buyout offer

Focus Financial Partners

02/02/2023 14:52

** Shares of investment adviser Focus Financial Partners Inc
 FOCS.O  rise ~12% to $52.03 
    ** Co receives a $4.1 bln buyout offer from private firm
Clayton, Dubilier and Rice (CD&R)
    ** CD&R offers $53 per FOCS share, marking a ~15% premium to
stock's last close     
    ** FOCS shares up ~40% YTD
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))