(Reuters) - LONDON, June 25 - GLG Partners, one of Europe's
largest hedge fund firms, has lined up a U.S. stock market
listing to help it expand and hire top managers, using a reverse
acquisition with a shell company that values it at $3.4 billion.
The owners of London-based GLG, which has more than $20
billion of assets under management, will receive $1 billion cash
and 230 million shares of Freedom Holdings common stock,
worth about $2.4 billion.
Read more at Reuters.com Mergers News
largest hedge fund firms, has lined up a U.S. stock market
listing to help it expand and hire top managers, using a reverse
acquisition with a shell company that values it at $3.4 billion.
The owners of London-based GLG, which has more than $20
billion of assets under management, will receive $1 billion cash
and 230 million shares of Freedom Holdings common stock,
worth about $2.4 billion.
Read more at Reuters.com Mergers News
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