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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

$3 Billion Merger

Shareholders say in a federal class action that directors are selling Financial Engines (financial advisers) too cheaply through an unfair process to (nonparties) Hellman & Friedman/Edelman Financial Services, for $45 a share or $3 billion.

SAN FRANCISCO — Shareholders say in a federal class action that directors are selling the advisory group Financial Engines too cheaply through an unfair process to Hellman & Friedman/Edelman Financial Services, for $45 a share or $3 billion. The buyer is not a party to the suit.

Categories / Securities

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