MENOMONEE FALLS, Wis. - Strong Capital Management Inc. has decided to exercise its option to acquire Schafer Capital Management Inc.'s share of a joint venture between the two companies.

Strong Schafer Capital Management LLC was formed in 1997 to manage the Strong Schafer Value Fund, which was launched in 1985 by Schafer as the Schafer Value Fund but is now part of the Strong family of mutual funds. An agreement between the two companies gave Strong the option to purchase Schafer's interest in the venture, beginning Jan. 10 of this year.

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