Deals
Carlyle Agrees to Buy Duff & Phelps for $665.5 Million
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Carlyle Group LP and investors including Swiss bank Pictet & Cie agreed to buy investment-banking firm Duff & Phelps Corp. for $665.5 million.
The buyers, also including Stone Point Capital LLC and Geneva-based Edmond de Rothschild Group, will pay $15.55 a share, 19 percent more than Duff & Phelps’s closing price on Dec. 28. The transaction is expected to be completed in the first half, the companies said in a statement yesterday.