Navigate this market better. Subscribe for FREE stock alerts and information.

Sunday, December 30, 2012

BRIEF-Duff & Phelps agrees to be acquired by private investor consortium, (NYSE: DUF)

Duff & Phelps Corp : * Agrees to be acquired by private investor consortium * Says deal valued at about $665.5M; stockholders to receive $15.55 per share * Says consortium includes entities managed by the Carlyle Group stone point capital, pictet & cie and Edmond de rothschild group * Says merger agreement provides for a "go-shop" period starting immediatelyand ending on February 8 * Says deal has $6.65 million break up fee if it walks from deal for a hgherbid

Duff & Phelps Corporation (Duff & Phelps) is a provider of independent financial advisory and investment banking services. Shares of DUF traded higher by 1.87% or $0.24/share to $13.05. In the past year, the shares have traded as low as $11.36 and as high as $16.50. On average, 139389 shares of DUF exchange hands on a given day and today's volume is recorded at 165502.