ITG Reports Third Quarter 2015 Results
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Warburg Pincus to Acquire ITG's (ITG) Calgary-Based Investment Research Unit
November 5, 2015 10:50 AM ESTITG (NYSE: ITG) announced that it has signed a definitive agreement to sell the Calgary-based unit of ITG Investment Research (the energy research group) to Warburg Pincus, a global private equity firm focused on growth investing. Subject to customary conditions, the transaction is expected to close by the end of 2015. Upon close, the energy research group will launch under a new brand name.
Under the terms of the agreement, Warburg Pincus will acquire the energy research group for $120.5 million in cash. ITG expects to book a gain of between $90 million and $95 million after taxes... More
ITG (ITG) halted with news pending
November 5, 2015 10:39 AM ESTITG (NYSE: ITG) trading halted with news pending.
... MoreITG (ITG) Tops Q3 EPS by 13c
November 5, 2015 9:08 AM ESTITG (NYSE: ITG) reported Q3 EPS of $0.12, $0.13 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $120.4 million versus the consensus estimate of $117.99 million.
For earnings history and earnings-related data on ITG (ITG) click here.
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