MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 27, 2009 AMG Could Do Three More Deals By Yearend, Say Stock Analysts Affiliated Managers Group could announce one to three accretive acquisitions by year end, predict Credit Suisse analysts Craig Siegenthaler and Vaibhav Bajpai in a research report released Wednesday. The report comes a month after AMG announced that it is pushing through with its planned purchase of a 60 percent stake in Harding Loevner. Siegenthaler and Bajpai said they are confident that AMG will do more deals, pointing out that AMG filed its third equity-forward sale two days after the firm announced its second quarter results. "With $200 million of potential capital by harnessing the latest forward sale, $375 million of cash resources on balance sheet, and a $770 million untapped credit facility (attractively priced), AMG has $1.3 billion of potential deal resources which equates to 50 percent of the company’s market cap," they wrote. Printed from: MFWire.com/story.asp?s=22458 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |