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National Financial to go private in $1.3 bln deal
April 15, 2013 / 12:20 PM / 4 years ago

National Financial to go private in $1.3 bln deal

April 15 (Reuters) - Wealth management company National Financial Partners said it agreed to be bought by private equity investment firm Madison Dearborn Partners LLC for about $1.3 billion, including debt.

Madison Dearborn will pay $25.35 for each National Financial share, a premium of about 8 percent to the stock’s Friday close.

National Financial shares were up about 6 percent before the bell on Monday.

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