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Small Firm Swallowed By Prudential Securities

Traders Magazine, December 1999

Staff Reports

One of the few remaining independent investment banks, 235-employee Volpe Brown Whelan, has been acquired by brokerage behemoth Prudential Securities.

San Francisco-based Volpe Brown, which specializes in emerging growth companies, has been reinvented as the Prudential Volpe Technology Group at Prudential Securities, a subsidiary of the Prudential Insurance Company of America. Terms of the cash deal were not disclosed.

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