WisdomTree Buys ETF Securities’ Europe Business
November 13, 2017 at 13:52 PM EST
WisdomTree has taken on a more aggressive stance in the Europe ETF industry, acquiring the European side of ETF Securities, a London-based ETF issuer. ETF Securities has agreed to sell its European business to WisdomTree for $611 million in cash and shares, which represents a multiple of 15.7x...