Victory Capital strikes $7 billion deal for First Eagle Investments; shares rise
26/08/2026 15:08
BUZZ-Victory Capital strikes $7 billion deal for First Eagle Investments; shares rise ** Shares of asset manager Victory Capital VCTR.O up 3.6% to $119.5 in early morning trading
** VCTR to buy rival First Eagle Investments in $7 billion cash-and-stock deal
** Deal includes about $4.4 billion in cash and $2 billion in newly issued VCTR equity
** VCTR has secured fully committed financing for the transaction from BofA Securities and RBC Capital Markets
** PJT Partners and RBC Capital Markets advised Victory Capital on the deal; UBS Investment Bank and BofA Securities advised First Eagle.
** Including session's moves, stock up 88.1% YTD
(Reporting by Pragyan Kalita in Bengaluru)