Victory Capital agrees to acquire First Eagle for about $7 billion

VCTR Victory Capital Holdings Inc

$112.44 +0.64%

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1. 1Victory Capital Holdings (VCTR) agrees to acquire First Eagle Investment
2. 2Consideration of approximately $7 billion ($4 billion in cash and $2 billion in new shares), plus assumption of $575 million in senior secured notes maturing in 2032
3. 3Combined assets under management of approximately $571 billion and annual revenue of about $3.2 billion, with net cost synergies of roughly $280 million

Source The Wall Street Journal +2 · View original ↗

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