NAPERVILLE, Ill., Feb. 21, 2017 /PRNewswire/ -- Calamos
Partners LLC ("Calamos Partners") and its subsidiary, CPCM
Acquisition, Inc. (the "Acquirer"), today announced the
completion of its acquisition of Calamos Asset Management, Inc.
(NASDAQ: CLMS) ("CAM"). Following the completion of its
successful tender offer to purchase all outstanding shares of the
Class A common stock of CAM for $8.25
per share in cash, the Acquirer acquired all remaining CAM shares
through a merger under Section 251(h) of the General Corporation
Law of the State of Delaware.
At the effective time of the merger, all remaining shares of CAM
Class A common stock not tendered into the tender offer (other than
shares owned by Calamos Partners and its affiliates, and shares for
which appraisal was properly sought under applicable law) were
automatically converted into the right to receive $8.25 in cash, which is the same price that was
paid in the tender offer. As a result of the transaction, CAM
has become a wholly owned subsidiary of Calamos Partners.
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SOURCE Calamos Asset Management, Inc.