The Zacks Analyst Blog Highlights: Duff & Phelps, Carlyle Group, Credit Suisse Group, Barclays and Royal Bank of Canada PR Newswire CHICAGO, Jan. 3, 2013 CHICAGO, Jan. 3, 2013 /PRNewswire/ --Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Duff & Phelps Corporation (NYSE:DUF), The Carlyle Group LP (Nasdaq:CG), Credit Suisse Group (NYSE:CS), Barclays PLC (NYSE:BCS) and Royal Bank of Canada (NYSE:RY). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Wednesday's Analyst Blog: Duff & Phelps to Be Sold for $665M New York-based Duff & Phelps Corporation (NYSE:DUF) – a financial advisory and investment banking firm – announced a deal whereby a consortium –involving The Carlyle Group LP (Nasdaq:CG), Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group – will acquire it. The deal is priced at $665 million. The acquiring companies will pay $15.55 per share in cash – a 19% premium on the closing price of the shares on December 31, 2012 – to buy Duff & Phelps stake. The proportions of the stake buyout were not specified, but none of the acquiring firms would be buying more than 35% of the shares individually as per Duff & Phelps. The transaction is expected to close in the first half of this year. The deal allows Duff & Phelps a 'go-shop' interlude commencing immediately and ending on February 8, during which it will look for higher offers from other potential buyers. Duff & Phelps would pay a break-up fee of nearly $6.65 million to the consortium if it gets a higher bid and ends the deal before March 8. Centerview Partners advised Duff & Phelps on the deal and Kirkland & Ellis LLP provided legal guidance. The consortium was advised by Sandler O'Neill + Partners, L.P, Credit Suisse Group (NYSE:CS), Barclays PLC (NYSE:BCS) and RBC Capital Markets – a wing of Royal Bank of Canada (NYSE:RY). Wachtell Lipton Rosen & Katz was the legal counsel for the consortium. Duff & Phelps provides valuation and merger advices to other companies. The company is looking forward to grow significantly on account of higher regulatory demand, implementation of new accounting policies and requirements for amplified corporate disclosure and third-party validation. Now, with the presence of big private equity firms, it is all set to utilize this growth opportunity as well as expand internationally. Currently, Duff & Phelps retains a Zacks#3 rank, which translates into short-term Hold rating. Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. 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The Zacks Analyst Blog Highlights: Duff & Phelps, Carlyle Group, Credit Suisse Group, Barclays and Royal Bank of Canada
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