Westwood Holdings rejects $25/share unsolicited takeover proposal from Americana Partners

WESTWOOD HOLDINGS GROUP INC

Received two unsolicited proposals from Americana Partners since May; latest on June 14, 2021 offered $25.00 per share cash.
Board unanimously determined proposal significantly undervalues Westwood relative to standalone plan.
Americana has not provided evidence of financing ability for acquisition bid.
CEO cites cost reductions, pipeline opportunities, and technology investments as growth path.
RBC Capital Markets and Sidley Austin engaged as financial and legal advisors.

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