CIFC Shares Jump On $333 Million Buyout Offer

By Wallace WitkowskiMarketsMarketWatch Pulse

CIFC LLC shares were halted late Friday after the private debt investment manager agreed to be acquired by investment platform F.A.B. Partners for $333 million cash. CIFC shares jumped 44% to $10 after hours before being halted. Under the agreement, CIFC stockholders will get $11.46 a share, with $11.36 for each share and 10 cents a share cash distribution on Sept. 12 to shareholders of record as of Aug. 31.

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