Edelman Financial Group (EF: Quote) 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.
by RTT Staff Writer
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