Connect with us

Hi, what are you looking for?

News

T. Rowe Price to Buy Debt-Investment Firm Oak Hill Advisors in $4.2 Billion Deal

T. Rowe Price to Buy Debt-Investment Firm Oak Hill Advisors in .2 Billion Deal

Money manager T. Rowe Price Group Inc. agreed to buy Oak Hill Advisors for as much as $4.2 billion to enter the private-debt investing business.

Oak Hill has been an active player in distressed-debt deals for decades, and last year provided rescue financing to companies whose businesses were ravaged by the coronavirus pandemic.

You May Also Like

World

France, which has opened its borders to Canadian tourists, is eager to see Canada reopen to the French. The Canadian border remains closed...

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...