Man Group to buy GLG for $1.6 billion
UK hedge fund manager Man Group said Monday that it has agreed to buy GLG Partners for $1.6 billion in a deal that will created a firm with around $63 billion of funds under management.
GlaxoSmithKline plc and Human Genome Sciences recently announced that the companies have entered into a definitive agreement under which GSK will acquire HGS for US$14.25 per share in cash.