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Evercore snaps up stake in money manager
05 March 2010
Evercore Partners has agreed to buy 49% of money-management firm Atalanta Sosnoff Capital for as much as $83.3 million
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[Evercore]
[Atalanta Sosnoff Capital]
Evercore Partners has agreed to buy 49% of money-management firm Atalanta Sosnoff Capital for as much as $83.3 million. The move is part of a strategy to reduce its reliance on revenue from takeover and restructuring advice.
Evercore will pay $68.6 million in cash when the deal is completed. If Atalanta Sosnoff meets...
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