Madison Dearborn Partners has bid to acquire Nuveen Investments for $5.75 billion. In addition, the private equity firm would absorb $550 million of Nuveen’s debt, valuing the total price of the transaction at $6.3 billion.

If Nuveen accepts the all-cash bid, its shareholders will receive $65 a share, a 20% premium to the stock’s $51.56 closing price on Tuesday.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.