$1.6bn takeover of GLG.
for GLG , the New York-listed hedge fund that manages more than $24bn of assets.
Hfa manages $6 bn assets, may worth $400mil. Take away its $1mil debt. Hfa may worth $300mil.
Hfa's revenue is about $80mil a year. this is now equal to its market cap. looks ridiculous to me.
industry consolidation and valuation, page-2
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