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Freedom and Cleary Gull Prepare For Nasdaq Dynamo: Deal Expected to Close Mid-April After Freedom

Traders Magazine, March 1998

Staff Reports

Freedom Securities in Boston is acquiring Milwaukee-based Cleary Gull Reiland & McDevitt, a merger that will create a new Nasdaq market-making dynamo.

The deal, valued at roughly $25 million (comprising 80 percent stock and 20 percent cash) was contingent on Freedom going public in a New York Stock Exchange initial public offering.

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