Close Close

Financial Planning > Behavioral Finance

NFP Shareholders Price Stock Sale

Your article was successfully shared with the contacts you provided.

National Financial Partners Corp. says holders of restricted shares of its common stock will be selling 6.4 million shares to the public at a price of $41 per share.[@@]

The sellers include investment companies, the former owners of insurance agencies and other firms that NFP has acquired and some employees, according to NFP, New York.

NFP, a company that is using acquisitions to build a large, national financial services distribution network, says it will not receive any proceeds from the offering.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.