WHG - Mergers and acquisitions

DALLAS, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG, "Westwood"))), a Dallas-based investment management boutique and wealth management firm, has acquired the asset management business of Salient Partners, L.P. ("Salient"), a Houston-based asset management firm. As a result, Westwood has also acquired a significant minority stake, previously owned by Salient, in Broadmark Asset Management LLC ("Broadmark"). Broadmark is a San Francisco-based asset manager offering hedged equity strategies and serves as sub-adviser to a pair of seasoned mutual funds and separately managed accounts now offered by Westwood. This strategic acquisition increases Westwood's total a

DALLAS, May 03, 2021 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) announced that on May 2, 2021, its Board of Directors ("Board") adopted a limited-duration Shareholder Rights Agreement (the "Rights Agreement") and declared a distribution of one right for each outstanding share of common stock. The Rights Agreement is effective immediately and will expire on May 1, 2022 or earlier, as provided in the Rights Agreement. The adoption of the Rights Agreement is intended to enable all Westwood shareholders to realize the full potential value of their investment in the company and to protect the interests of the company and its shareholders by reducing the likelihood that any pe