Shapiro exhibits all of the characteristics we look for as we build our roster of investment affiliates.
Irving, TX (PRWEB)
February 27, 2017
American Beacon Advisors, Inc. (“American Beacon”), a leading provider of investment advisory services to institutional and retail markets, announced today that it has reached a definitive agreement to acquire a controlling interest of Shapiro Capital Management, LLC (“Shapiro”). Shapiro is an institutional-quality, value-oriented investment adviser based in Atlanta.
The parties expect to close the transaction within the next 90 days, subject to completion of customary closing conditions, including consent from Shapiro’s clients. Terms of the…