{"id":56258,"date":"2017-01-25T07:07:14","date_gmt":"2017-01-25T12:07:14","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56258"},"modified":"2017-01-25T07:07:14","modified_gmt":"2017-01-25T12:07:14","slug":"marcato-capital-urges-virtus-to-use-cash-to-buy-ridgeworth","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2017\/marcato-capital-urges-virtus-to-use-cash-to-buy-ridgeworth.html","title":{"rendered":"Marcato Capital Urges Virtus to Use Cash to Buy Ridgeworth"},"content":{"rendered":"<p>\n(Reuters) Activist hedge fund Marcato Capital Management LP said on Tuesday that Virtus Investment Partners Inc should fund its $513 million purchase of RidgeWorth Investment with cash to maximize returns.The deal could add more than 50 percent to Virtus&#8217; earnings, significantly more than the fund manager&#8217;s expectation of more than 15 percent, if cash at hand was used to fund the deal, Marcato said.<\/p>\n<p>Virtus, an investment management company, said in December that it would buy investment manager RidgeWorth to widen its client base.<\/p>\n<p><a href=\"http:\/\/uk.reuters.com\/article\/ridgeworthinvestments-ma-marcato-idUKL4N1FE5MC\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Activist hedge fund Marcato Capital Management LP said on Tuesday that Virtus Investment Partners Inc should fund its $513 million purchase of RidgeWorth Investment with cash to maximize returns.The deal could add more than 50 percent to Virtus&#8217; earnings, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56258","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56258"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56258\/revisions"}],"predecessor-version":[{"id":56259,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56258\/revisions\/56259"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}