T Rowe Price to buy alternative credit manager Oak Hill in $4.2b deal

T Rowe Price to buy alternative credit manager Oak Hill in $4.2b deal

Baltimore, Maryland. Photo by Colin Lloyd on Unsplash

Asset management firm T Rowe Price on Thursday agreed to buy fund manager Oak Hill Advisors in a $4.2 billion cash-and-stock deal, moving deeper into the alternative investments market and offering more choices for its clients.

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