AssetMark Financial Agrees To Be Acquired By Private Equity Firm GTCR For $35.25 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
AssetMark Financial has agreed to be acquired by private equity firm GTCR for $35.25 per share in cash, valuing the company at approximately $2.7 billion. The transaction, approved by AssetMark's Board of Directors, will result in AssetMark's delisting from public markets.

April 25, 2024 | 11:21 am
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AssetMark Financial is being acquired by GTCR for $35.25 per share, a deal valuing the company at $2.7 billion, leading to its delisting from public markets.
The acquisition of AssetMark by GTCR at $35.25 per share represents a significant event for shareholders, offering a cash exit at a specified price. The unanimous approval by the Board and the total equity valuation of approximately $2.7 billion highlight the deal's significance. The delisting of AssetMark's common stock post-transaction indicates a major change in the company's public trading status, likely leading to a positive short-term impact on its stock price as the market reacts to the acquisition news.
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