M&A
confidence high
sentiment positive
materiality 0.70
Victory Capital shareholders approve Amundi deal; close expected Q1 2025
Victory Capital Holdings, Inc.
- All four proposals approved: share issuance (26.1% fully diluted), preferred stock increase, corporate opportunities waiver, and adjournment.
- Transaction with Amundi anticipated to close in Q1 2025, subject to regulatory approvals and client consents.
- CEO reaffirms $100M expense synergy target, majority within first year after close.
- Integration is progressing as planned, per company statement.