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Dallas' Westwood Holdings says takeover bid from Americana Partners is too low


Dallas’ Westwood Holdings says takeover bid from Americana Partners is too low
The bid offers a premium on Westwood’s stock price, but company leaders say it undervalues the investment firm.
Susan Byrne, founder and vice chairwoman of Westwood Holdings Group, at her Dallas office.(Staff Photographer)
Dallas-based financial advisory firm Westwood Holdings has rejected two unsolicited takeover proposals from Houston-based Americana Partners.
The latest $25 a share cash offer from Americana, which has offices in Houston, Dallas and Austin, came a month ago. Americana Partners, founded in April 2019 when former Morgan Stanley managing director Jason Fertitta broke away with an 11-person team, manages $3.5 billion in client assets. ....

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