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Quotes & Info
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| ICGE > SEC Filings for ICGE > Form 8-K on 29-Jan-2013 | All Recent SEC Filings |
29-Jan-2013
Other Events
On January 23, 2013, ICG Group, Inc. ("ICG") announced that its consolidated subsidiary, Investor Force Holdings, Inc., entered into a merger agreement to be sold to MSCI Inc. for $23.5 million. On January 29, 2013, the sale was consummated. ICG's portion of the sale proceeds consisted of approximately $20.7 million of cash, $2.1 million of which was placed in escrow to satisfy potential indemnity claims under the merger agreement. Subject to any such claims, the escrowed proceeds will be released to ICG on or around May 29, 2014.
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