Komfie Manalo, Opalesque Asia:
Brisbane-based investment fund manager Blue Sky Alternative Investments Limited said it has finalized details to acquire multi-award winning hedge fund Investment Science Asset Management, several media reports said.
According to FinNewsnetwork.com.au, the $400m Bly Sky will acquire ownership of the much smaller Investment Science ($70m in assets). The deal comprises $100% Blue Sky scrip and upfront and deferred consideration components.
In a statement, Blue Sky said the acquisition of Investment Science creates a synergy to achieve its ......................
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