|Bid||10.28 x 1800|
|Ask||10.30 x 900|
|Day's Range||10.20 - 10.38|
|52 Week Range||9.90 - 12.10|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||161.41|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BALA CYNWYD, PA / ACCESSWIRE / August 3, 2020 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions.
GCM Grosvenor, a global alternative asset management firm, will become a public company through a merger with CF Finance Acquisition Corp. ("CFAC") (NASDAQ: CFFA), a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm. The companies announced today that they have entered into a definitive agreement to effect the transaction. The combined company will operate as GCM Grosvenor Inc. and expects its Class A common stock to be listed on the NASDAQ stock exchange. GCM Grosvenor's existing senior management team, led by Chairman & CEO Michael J. Sacks, will continue to lead the business. The transaction values GCM Grosvenor at $2 billion.
CF Finance Acquisition Corp. (Nasdaq: CFFAU, "CFAC" or the "Company") announced today that its sponsor will make a contribution (the "Contribution") to CFAC's trust account in an amount equal to $0.09 per share of Class A common stock issued in CFAC's initial public offering that is not redeemed in connection with the stockholder vote to approve an amendment to its charter (the "Extension Amendment") to extend the date by which CFAC has to complete a business combination from June 17, 2020 to September 17, 2020 (the "Extension"), if the Extension Amendment is approved and the Extension implemented. The Contribution will not accrue interest and will be repayable to the sponsor or its designee in full upon the consummation of an initial business combination.