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verdict1

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verdict1

Re: None

Wednesday, 12/01/2010 4:27:00 PM

Wednesday, December 01, 2010 4:27:00 PM

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The pension plan administrator and investment manager said it has agreed to a non-binding deal to be sold for $48 million to an affiliate of Columbus-based private equity firm Stonehenge Partners Inc.

Read more: National Investment Managers to be acquired by private-equity firm Stonehenge | Business First

National Investment (OTC BB:NIVM) said as much as $36 million of the purchase price will go toward paying down debt and liabilities and to cover transaction expenses. The rest would be allocated to holders of common and preferred stock.

Read more: National Investment Managers to be acquired by private-equity firm Stonehenge | Business First
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