Victory Capital Buys First Eagle for $7 Billion
Victory Capital agreed to acquire First Eagle Investments in a cash and stock transaction valued at seven billion dollars. The merger expands Victory assets toward its one trillion dollar goal and boosts its market scale.
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VICTORY CAPITAL HOLDING - A agreed to buy First Eagle Investments for $7 billion in cash and stock on Wednesday afternoon, accelerating consolidation in the asset management sector. The deal brings Victory closer to its target of managing $1 trillion in assets. The transaction expands Victory's distribution reach across the United States and globally.
