A contentious three-way merger to create one of the biggest investment groups in the US has hit new turbulence, The Financial Times reports, after a big Wall Street lending company cut off payments to one of the groups in question. Dyal Capital, which specialises in buying minority stakes in privately held investment managers, is planning to merge with one of its portfolio companies and then to list the combined group via a deal with SPAC Altimar Acquisition. The $12.5 billion plan has proven controversial since it amounts to Dyal going into competition with some of the investment managers in its portfolio and two of them are suing to halt the deal. Read more.
Wall Street Lender Cuts Payments in Dispute Over $12.5B SPAC Deal: Report
