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Pardee Resources (PARD) to Sell California Table Grape Assets for $6.1M
Pardee Resources (PARD) has announced the sale of its California table grape assets for a total of $6.1 million. This transaction is a strategic move to divest non-core assets and is expected to improve the company's financial positioning. The sale will also provide liquidity, which can be redirected towards other opportunities or investments. The deal highlights Pardee's focus on optimizing its asset portfolio in the agricultural sector.
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FLP Acquires Arcadia RIA Overseeing $670M in Assets
FL Putnam Investment Management Company has acquired Arcadia Investment Management Corporation, which manages over $670 million in assets. This acquisition marks FL Putnam's first expansion into the Midwest, establishing its first office in the region. Arcadia, founded in 1987, primarily serves high-net-worth clients, foundations, and endowments. Following the acquisition, FL Putnam's assets under management now exceed $10 billion, enhancing their growth potential and market presence.
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