The deal, which remains subject to the regulators nod, is priced at $226 million in cash and Sparx shares.
The joint plan sees PMA retaining its alternatives focus with its current business operations. All of its managers will stay on board, spearheaded by its chief executive officer Farhat Malik. Some of the PMA top managers will become major shareholders within Sparx.
Sparx Asset Management was founded in 1989 by Shuhei Abe....
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