Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Georgeson Goes on the Block Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 05, 2003

Georgeson Goes on the Block

by: Sean Hanna, Editor in Chief

A firm specializing in collecting proxies for fund firms and others is now for sale itself. New York City-based Georgeson Shareholder Communications has recently put itself on the auction block. News of the decision leaked after the firm hired Goldman Sachs to represent it in talks with possible buyers.

Goldman Sachs is still in the process of writing the offering memorandum, reports the New York Post. Bruce Goldfarb, a Georgeson senior managing director, confirmed Goldman's hiring to handle the "strategic evaluation process" to the paper. Georgeson is privately held and may fetch up to $300 to $400 million in assets.

Georgeson ranks as the largest proxy solicitor in the nation for companies undergoing mergers. However, the falloff in merger activity may be pressuring the firm's revenues.

Potential buyers for the firm are said to be Mellon Investor Services, SunGard, DST Systems and ADP. Long shots include Thomson and McGraw Hill (which is the parent to S&P). Thomson, though, has been selling firms over the past two years after a decade-long buying spree.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use