CHICAGO - The management of Dougherty Dawkins Inc. would buy control of the company for $13.9 million under an agreement in principle announced on Friday with its parent, Allied Group Inc.

Dougherty Dawkins Inc. owns the Minneapolis-based investment banking firm of Dougherty, Dawkins, Strand & Bigelow Inc. and Voyageur Fund Managers, an asset-management subsidiary.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.