Wednesday, June 20, 2007

Nuveen agrees to $5.75 billion buyout

(Reuters) - The terms value Nuveen at $65 per share, or a 20 percent to the company's Tuesday closing price of $54.16. The transaction includes $550 million of assumed debt.



Chicago-based Nuveen becomes the latest financial industry company to agree this year to a buyout, following such companies as student lender Sallie Mae and transaction processor First Data Corp. .


Read more at Reuters.com Mergers News

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