Edelman Financial Group (EF) announced Monday morning that it entered into a definitive merger agreement with affiliates of Lee Equity Partners LLC to be acquired for $8.85 per share in cash.
Edelman Financial Group has gapped open sharply higher this morning and is now up 2.53 at $8.71 on the highest volume of the year. The stock has surged to over an 11-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.