Business First - by Doug Buchanan
Date: Thursday, November 18, 2010, 2:17pm EST - Last Modified: Thursday, November 18, 2010, 5:15pm EST
If National Investment Managers Inc. has its way, the company will become a national player in the pension plan administration and investment business.
To get there, it’s looking to draw the blinds a bit to save money – and scrutiny.
The Dublin company is working on an agreement to be acquired by Columbus private equity investor Stonehenge Partners Inc. for $48 million. The deal would mean National Investment’s departure from the OTC Bulletin Board and the end of what company President John Davis said were hefty costs to remain public.
