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Goldman Sachs to Buy ETF Manager Neos Investments in Deal Valued at Up to $2.25 Billion

Goldman Sachs will acquire ETF issuer Neos Investments for up to $2.25 billion, paid in a mix of cash and stock, Bloomberg reported. The deal is aimed at strengthening Goldman's footprint in actively managed ETFs. Neos oversees more than 20 ETFs centered on options-income strategies and manages about $32 billion in assets. Marc Nachmann, head of Goldman Sachs Asset Management, is leading the transaction.
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