Deals
Vanguard just scored a $4-billion private placement to close its $4.6-billion Altruist deal by year's end, but it comes with at least a $200-million annual drag on its legendary at-cost model
Financial ADVSRRead our full story: Vanguard arranges about $4 billion in private debt for Altruist acquisition →The giant Malvern company is apparently set to close in 2026, though it needed Bank of America, Citigroup Inc. and JPMorgan Chase & Co. to broker a private placement to fund the deal.
Summary as published by RIABiz
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