Higher Bid for Duff & Phelps (DUF)?; Market, Analysts Say 'Yes'

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Duff & Phelps (DUF) to Go Private for $15.55/Share

December 31, 2012 6:01 AM EST

Duff & Phelps Corporation (NYSE: DUF) has entered into a definitive merger agreement under which a consortium (the Consortium) comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group will acquire the Company for $15.55 per share in cash in a transaction valued at approximately $665.5 million.

The offer represents a 19.2% premium to the closing price of Duff & Phelps shares on December 28, 2012, and 27.3% over the Companys volume weighted average share price during the 30 days ended December 28, 2012. The transaction is expected to close in the... More