Nuveen shareholders say yes to acquisition by investor group

By Lisa Kerner

Charlotte, N.C., Sept. 18 - Nuveen Investments, Inc. shareholders voted Tuesday to approve the company's acquisition by a Madison Dearborn Partners, LLC-led investor group.

It was previously reported that under the June 19 merger agreement, Nuveen stockholders will receive $65 cash per share. The $6.3 billion transaction is slated to close in the fourth quarter.

"We are pleased the transaction received a favorable vote from our company's stockholders," Nuveen chief executive officer John Amboian said in a company news release.

"Their action is consistent with our belief, and our board's unanimous determination, that the proposed acquisition by Madison Dearborn Partners is in the best interests of our stockholders."

Nuveen is an investment services company located in Chicago.

Madison Dearborn is a Chicago-based private equity investment firm.

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