Acquisition includes all Claymore-associated entities: Claymore Securities, Claymore Advisors and Claymore Investments in Canada …
Guggenheim Partners, a global diversified financial services firm, and Claymore Group, a leading provider of innovative investment products including exchange traded funds, closed-end funds and unit investment trusts, today announced that they have entered into an agreement and plan of merger. As part of the transaction, Claymore Group and its associated entities including Claymore Securities, Claymore Advisors and Claymore Investments in Canada, will become wholly owned subsidiaries of Guggenheim Partners. Terms of the transaction were not
disclosed.
“We are extremely pleased to have entered into this agreement with Claymore,” stated Mark Walter, chief executive officer of Guggenheim Partners. “Claymore has clearly established itself as a leader within the retail investment space and perfectly complements our already robust institutional investment management capabilities. The transaction will enhance our retail distribution, product development and marketing prowess, especially among financial advisors.
Like Guggenheim, Claymore embraces innovation while remaining entirely focused on the needs of its clients. Together, we will reach a broader array of investors with innovative financial products as well as best-in-class asset management and research services.”
“This is a tremendous opportunity for Claymore and our clients,” said David Hooten, chairman and chief executive officer of Claymore Group. “As part of a platform as strong and significant as Guggenheim Partners, we will be able to continue developing our unique investment products for financial advisors and retail investors.”
The transaction is subject to customary regulatory and other approvals and is expected to close at the end of the third quarter of this year.
Source: ETFWorld.com – Guggenheim Partners
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