Virtus Investment Partners Announces Agreement to Acquire Westchester Capital Management
Virtus Investment Partners Announces Agreement to Acquire Westchester Capital Management Posted on 02/02/2021 Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, announced it has entered into a definitive agreement to acquire Westchester Capital Management, a manager of global event-driven investment strategies with approximately US$ 4.3 billion of assets under management as of December 31, 2020, including US$ 3.6 billion in The Merger Fund, which was launched in 1989. The sales price was US$ 135 million. Under the agreement, Virtus woul...
Source: swfinstitute.org