Sat, Nov 7, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Update: GLG stockholders to vote for or against merger with Man Group in September

Tuesday, August 31, 2010

From the Opalesque team: GLG Partners, Inc. on August 27 invited its stockholders to attend a special meeting in New York some time in September, with regards to the acquisition proposed on May 17 by Man Group plc.

The proposed acquisition is to be made through two concurrent transactions, according to a 330-page written public communication posted on GLG's website; a cash merger and a share exchange. The latter will be done among Man Group and GLG's co-founders, namely Noam Gottesman, Pierre Lagrange and Emmanuel Roman, together with their related trusts and affiliated entities, two limited partnerships that held shares for the benefit of key personnel who are participants in GLG's equity participation plans, and the permitted transferees of such limited partnerships.

Voters will be asked to vote upon the proposal to adopt the merger agreement. If the merger is completed, GLG’s stockholders will have the right to receive, for each share of the common stock they hold at the time of the merger, $4.50 in cash.

Upon completion of the proposed merger, GLG will cease to be a publicly traded company and Man will own 100% of the firm’s outstanding securities.

GLG’s Board of Directors, which includes interested and disinterested parties, “determined that the merger is advisable” and urged stockholders to vote “FOR.”

Noam Gottesman, Pierre Lagrange and Emmanuel Roman, will enter into employment or service agreements with Man entities providing for, a......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m