April 30, 2018 / 1:33 PM / 3 months ago

CORRECTED-Hellman & Friedman to buy Financial Engines for $3.02 bln

(Corrects deal value in the headline to ‘$3.02 bln’ from ‘$3.2 bln’)

April 30 (Reuters) - Investment adviser Financial Engines Inc said on Monday it would be bought by U.S. buyout firm Hellman & Friedman for about $3.02 billion in cash.

Shareholders of Financial Engines will receive $45.00 per share in cash, a premium of 32.5 percent as of Friday close.

The transaction is expected to close in the third quarter of 2018. (Reporting By Aparajita Saxena in Bengaluru; Editing by Anil D’Silva)

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