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Pinnacle takes over Pacific AM
Financial Standard
|February 09, 2026
Pinnacle Investment Management will acquire the outstanding stake in Pacific Asset Management (PAM) for $418.8 million in a bid to accelerate its global private wealth footprint.
Pinnacle will snatch up the remaining 79.2% interest in PAM after it acquired its first stake in 2024.
PAM's existing shareholders and management will receive about $237.8 million in cash and the equivalent value of $181 million in new ordinary Pinnacle shares.
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