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T. Rowe Price completes lightning $4.2-billion deal to become 'alternative credit' leader by delivering heavy cash at closing and promising light touch

The Baltimore patriarch gets the $56-billion Wall Street distressed-bond deal shop and incoming CEO points to 'tremendous' investor demand

Author Brooke Southall December 30, 2021 at 6:56 PM
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Rob Sharps: This acquisition allows us to broaden our private markets business.

T. Rowe Price

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Oak Hill Advisors

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Glenn August



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