MN - Manning & Napier extends deadline for merger with Callodine

• Manning & Napier ( NYSE: MN ) said Wednesday the deadline for its merger agreement with Callodine Group LLC was extended to Dec. 1 as the company continues to work to conclude the regulatory review processes needed to complete the transaction.
• "In order to continue to productively engage with the regulators, we have revised our outlook and now expect the transaction to close in October 2022," said Manning & Napier ( MN ) Chairman and CEO Marc Mayer. Originally, it expected to close the deal in Q3.
• The remains subject to regulatory clearance by the New Hampshire Banking Department and the Financial Industry Regulatory Authority, and the satisfaction or waiver of other customary closing conditions.
• In April, Manning & Napier ( MN ) agreed to the deal to be acquired by Callodine for $12.85 per share.

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