Brief: Westwood To Acquire Salient Partners' Asset Management Business

Westwood Holdings

26/05/2022 13:19

May 26 (Reuters) - Westwood Holdings Group Inc  WHG.N :
    * WESTWOOD TO ACQUIRE SALIENT PARTNERS’ ASSET MANAGEMENT
BUSINESS
    * WESTWOOD HOLDINGS GROUP INC- STRATEGIC ACQUISITION WILL
INCREASE
WESTWOOD'S TOTAL AUM BY 32% TO $18.4 BILLION
    * WESTWOOD HOLDINGS GROUP INC- ACQUIRING SALIENT'S ASSET
MANAGEMENT BUSINESS FOR AN UPFRONT PAYMENT OF $35 MILLION ON
CLOSING
    * WESTWOOD HOLDINGS GROUP INC-  ACQUIRING SALIENT'S ASSET
MANAGEMENT BUSINESS WITH DEFERRED PAYMENTS OF UP TO $25 MILLION
OVER SEVERAL YEARS
    * WESTWOOD HOLDINGS GROUP INC- WESTWOOD WILL MAINTAIN ITS
DEBT-FREE BALANCE SHEET AND WILL FUND UPFRONT CONSIDERATION
USING CASH ON HAND

Source text for Eikon:  ID:nGNX144Dj9 
Further company coverage:  WHG.N 

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