Business & Finance
Business and Finance
Business and Finance
Wed, October 13, 2010
Tue, October 12, 2010 
NEW YORK--([ BUSINESS WIRE ])--GLG Partners, Inc. ("GLG") (NYSE: GLG) announced that at a special meeting of stockholders held today, its shareholders approved the merger agreement for the companya™s acquisition by Man Group plc (aMana). More than the required majority of both GLG total issued and outstanding shares and GLG's issued and outstanding shares, excluding shares held by the GLG principals and certain GLG shareholders party to a share exchange agreement with GLG, Man or any of their respective affiliates, voted in favor of the merger agreement. The merger and related share exchange are expected to close on October 14, 2010.
About GLG
GLG Partners, Inc. is a global asset management company offering its clients a wide range of performance-oriented investment products and managed account services. Founded in 1995 and listed on the New York Stock Exchange in 2007 under the ticker symbol "GLG", GLG is dedicated to achieving consistent, superior investment returns through traditional, alternative and hybrid investment strategies. The performance GLG generates for its clients is driven by the proven expertise of its team of investment professionals underpinned by a rigorous approach to investment analysis and a strong focus on risk management. GLG managed estimated net assets under management of approximately $23.0 billion as of June 30, 2010. GLG maintains an Investor Relations website at [ www.glgpartners.com ] and routinely posts important information on its website for investors. Additionally, GLG uses the website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD promulgated by the SEC. These disclosures are included on GLG's website under the section "Investor Relations a" Overview". Accordingly, investors should monitor this portion of GLG's website, in addition to following its press releases, SEC filings and public conference calls and webcasts.
Forward-looking Statements
This press release contains statements relating to future results that are "forward-looking statements". Words such as "will" and other statements that are not statements of historical fact are intended to identify forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: failure to satisfy the conditions of the proposed merger; the costs and expenses associated with the proposed merger; contractual restrictions on the conduct of GLG's business included in the Merger Agreement; the potential loss of key personnel, disruption of GLG's business or any impact on GLG's relationships with third parties as a result of the proposed merger; any delay in consummating the proposed merger or the failure to consummate the transaction; the outcome of, or expenses associated with, any litigation which may arise in connection with the proposed merger, including the purported class action suits filed to date; the volatility in the financial markets; GLG's financial performance; market conditions for the investment funds and managed accounts GLG manages; performance of the investment funds and managed accounts GLG manages, the related performance fees and the associated impacts on revenues, net income, cash flows and fund inflows/outflows; the impact of net inflows on GLG's mix of assets under management and the associated impacts on revenues; the cost of retaining GLG's key investment and other personnel or the loss of such key personnel; risks associated with the expansion of GLG's business in size and geographically; operational risk, including counterparty risk; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on GLG's resources; and risks associated with the use of leverage, investment in derivatives, availability of credit, interest rates and currency fluctuations, as well as other risks and uncertainties, including those set forth in GLG's filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and GLG undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Nothing in this press release should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
