The merger consideration is valued at $23.02 per share, based on the closing price of BOK Financial on June 15, 2018.
‘This transaction becomes a relevant milestone in our international expansion plan, consolidating our strategy of bolstering our value proposition in alternative investments for the institutional segment.’
Investors put new money into U.S. equity funds in early June, while European equity funds extend an outflow streak that has lasted since the middle of 2016, thanks to Italian elections and outflows from France, Austria and Switzerland.
Ipreo PCM's solutions have transformed the way the industry manages, communicates, and delivers private capital data.
Expanding in Europe makes sense, said Dan Kimerling, a former head of research and development at the bank who is now the general partner at Deciens Capital.
The 25 top earners pulled in a combined $15.38 billion in 2017, a massive bump of almost 40% from 2016, when the top 25 produced the lowest collective earnings since 2005.