Nationwide Buys NWD for $225 Million

Nationwide Corp., a unit of Nationwide Financial Services, announced late Monday that it would buy the Philadelphia-based retail operations of NWD Investment Management.

According to the terms of the deal, Columbus, Ohio-based Nationwide will acquire the company for $225 million in cash, plus the value of tangible shareholders' equity on the balance sheet at closing.

Nationwide Buys NWD for $225 Million
Source: The Street
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