(Bloomberg) -- Nuveen Investments Inc., the largest
U.S. manager of closed-end funds, agreed to be bought by Madison
Dearborn Partners LLC for $5.75 billion in the latest example of
leveraged-buyout firms pushing further into financial services.
Madison Dearborn, which manages more than $14 billion in
private-equity funds, will pay $65 a share in cash for Chicago-
based Nuveen, 20 percent more than the stock's closing price
yesterday, according to a Business Wire statement.
Read more at Bloomberg Bonds News
U.S. manager of closed-end funds, agreed to be bought by Madison
Dearborn Partners LLC for $5.75 billion in the latest example of
leveraged-buyout firms pushing further into financial services.
Madison Dearborn, which manages more than $14 billion in
private-equity funds, will pay $65 a share in cash for Chicago-
based Nuveen, 20 percent more than the stock's closing price
yesterday, according to a Business Wire statement.
Read more at Bloomberg Bonds News
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