RTTNews | Jul 14, 2021 10:29AM EDT

10:29 Wednesday, July 14, 2021 (RTTNews.com) - Shares of investment and wealth management services provider Westwood Holdings Group, Inc. (WHG) are rising more than 19% Wednesday morning.

Wealth manager Americana Partners has made a bid to acquire Westwood in an all-cash transaction valued about $25 per share, about 28% premium, Reuters reported citing sources familiar with the matter.

WHG touched a new high of $23.69 this morning.

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