Duff & Phelps Corp. (DUF) announced Sunday that it agreed to be acquired by a consortium comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group, for $15.55 per share in cash in a transaction valued at approximately $665.5 million. The transaction is expected to close in the first half of 2013.
Duff & Phelps gapped open sharply higher Monday, but was range-bound throughout the session. Shares finished up by 2.57 at $15.62 on the highest volume of the year. The stock leaped to nearly an 8-month high.
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