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2 maj 2007 · Citi has said it will buy Bisys Group, a hedge fund administrator, for $1.45bn in cash, plus the $20m of final dividend – after shedding the retirement and insurance services units to private ...
3 maj 2007 · Citigroup is paying $1.47bn for Bisys but has agreed to sell the company’s retirement and insurance services arm to JC Flowers & Co, the private equity firm, reducing the net cost to about $800m.
1 sie 2007 · Citi today completed its previously announced acquisition of The BISYS Group, Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction BISYS shareholders will receive merger consideration of $11.85 per share, and a special dividend of $0.15 per share in cash.
2 maj 2007 · Citigroup acquires Bisys Group's investment services division for US$1.45 billion in 2007. The deal makes Citigroup a market leader in hedge fund and mutual fund services and a top administrator for private equity.
3 maj 2007 · Citi buys Bisys Group, a top-five provider of hedge fund and mutual fund services, for USD 1.45 billion in 2007. The deal enhances Citi's global network and client platform in the alternative investments arena.
BISYS Group, Inc. is a public company that provides back-office and third-party services to investment, insurance, and banking firms. It grew out of ADP in the late 1980s and went public in 1992, offering a range of products such as TotalPlus and Total 401 (k).
29 paź 2007 · According to a news release, the rebranding follows the announcement earlier this year that BISYS Retirement Services was acquired by private equity firm J.C. Flowers & Co. LLC and would operate as a division of Crump Group, Inc (See Citi to Buy BISYS in $1.4B Deal).
