Thursday, July 26, 2007

Nuveen net up 5 pct, updates on buyout

(Reuters) - Providing an update on the $65-a-share buyout bid by private equity firm Madison Dearborn Partners LLC and other investors, Nuveen said it did not get any competing bids during the 30-day "go shop" period when it actively solicited other potential buyers.




"No proposals to acquire Nuveen were received during the go-shop period," Nuveen chief executive John Amboian told a conference call, adding that the Madison Dearborn buyout was expected to be completed by the end of 2007.


Read more at Reuters.com Mergers News

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