Altimar Acquisition in an 8-K filing said it has signed a non-binding letter of intent to oversee a deal that would merge parts of the asset management businesses of the Dyal Capital Partners division of Neuberger and Owl Rock. The Wall Street Journal reported the deal would value the combined asset managers at $13 billion, citing unnamed sources. Read more.
Altimar Signs LOI on Merger of Dyal Capital with Owl Rock
