Westwood Holdings Group Inc

NYSE:WHG  
13.80
0.00 (0.00%)
Debt Financing / Related, Earnings Announcements

Westwood To Acquire Salient Partners' Asset Management Business

Published: 05/26/2022 12:26 GMT
Westwood Holdings Group Inc (WHG) - Westwood to Acquire Salient Partners’ Asset Management Business.
Westwood Holdings Group Inc- Strategic Acquisition Will Increase Westwood's Total Aum by 32% to $18.4 Billion.
Westwood Holdings Group Inc- Acquiring Salient's Asset Management Business for an Upfront Payment of $35 Million on Closing.
Westwood Holdings Group Inc- Acquiring Salient's Asset Management Business With Deferred Payments of Up to $25 Million Over Several Years.
Westwood Holdings Group Inc- Westwood Will Maintain Its Debt-free Balance Sheet and Will Fund Upfront Consideration Using Cash on Hand.