Welcome to our dedicated page for Focus Financial Partners news (Ticker: FOCS), a resource for investors and traders seeking the latest updates and insights on Focus Financial Partners stock.
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Focus Financial Partners Inc. (NASDAQ:FOCS) announced it will release its first-quarter results for the period ending March 31, 2023, on May 4, 2023, and will host a conference call at 8:30 a.m. ET to discuss the results and future outlook. The conference call can be accessed via phone and will also be webcasted on its investor relations website. Due to a recent acquisition agreement with affiliates of Clayton, Dubilier & Rice, LLC, the company will not take questions post-prepared remarks. A slide presentation accompanying the results will be available on its website. The firm continues to focus on providing comprehensive wealth management services through its partner firms while maintaining their operational independence.
Focus Financial Partners (NASDAQ:FOCS) announced the expiration of the 40-day go-shop period related to its merger with affiliates of Clayton, Dubilier & Rice at a price of $53.00 per share. No alternative acquisition proposals were received during this period, confirming the current acquisition plan. The transaction is pending stockholder and regulatory approvals and is expected to close in the third quarter of 2023. Upon completion, Focus will no longer be publicly traded. The deal also includes continued investment from Stone Point Capital, which will provide new equity financing for the transaction. The merger is designed to enhance Focus's operational capabilities while maintaining the independence of its partner firms.
