Virtus Investment Partners, Inc. (NASDAQ:VRTS) Files An 8-K Other Events
Item8.01
| Other Events. |
As previously announced, on December16, 2016, Virtus Investment
Partners, Inc., a Delaware corporation (the Company),
entered into a definitive agreement to acquire RidgeWorth
Holdings LLC, Delaware limited liability company
(RidgeWorth).
For further information related to the proposed acquisition,
please see the Companys Current Report on Form 8-K dated December 22, 2016.
The acquisition of RidgeWorth has not yet been consummated and
there can be no assurance that the transaction will be
consummated as contemplated.
| Item9.01. | Financial Statements and Exhibits |
(a) Financial
Statements of Business Acquired.
The audited and
unaudited financial statements of RidgeWorth, RidgeWorth Capital
Management LLC, a Delaware limited liability company, and
RidgeWorth Capital Management, Inc., a Georgia corporation, as of
the dates and for the periods described in Item9.01(d) below are
attached as Exhibit 99.1 and 99.2 and incorporated herein by
reference.
(b) Pro Forma
Financial Information.
The unaudited pro
forma condensed combined financial statements of the Company,
giving effect to the proposed acquisition of RidgeWorth, as of
the dates and for the periods described in Item 9.01(d) below are
attached as Exhibit 99.3 and incorporated herein by
reference.
| (d) | Exhibits. |
| 99.1 |
Audited consolidated financial statements of RidgeWorth as of December31, 2015 and 2014 and for the two years in the period ended December31, 2015, the audited consolidated financial statements of RidgeWorth Capital Management LLC as of May30, 2014 and for the period January1, 2014 to May30, 2014, and the audited consolidated financial statements of RidgeWorth Capital Management, Inc. as of December31, 2013 and for the year then ended. |
|
| 99.2 |
Unaudited consolidated financial statements of RidgeWorth as of September30, 2016 and for the nine-month period then ended. |
|
| 99.3 |
Unaudited pro forma condensed combined financial statements of the Company, giving effect to the proposed acquisition of RidgeWorth, as of September30, 2016 and for the nine months then ended, and for the year ended December31, 2015. |
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About Virtus Investment Partners, Inc. (NASDAQ:VRTS)
Virtus Investment Partners, Inc. is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers. Virtus Investment Partners, Inc. (NASDAQ:VRTS) Recent Trading Information
Virtus Investment Partners, Inc. (NASDAQ:VRTS) closed its last trading session up +1.40 at 122.45 with 42,039 shares trading hands.