NYSE Specialist Sees Light at the End of the Tunnel
Traders Magazine, February 2008
LaBranche & Co., experiencing a turnaround in its core New York Stock Exchange cash equities business, announced it would not enter into a strategic transaction with another firm anytime soon. Last July, the beleaguered NYSE specialist hired mergers-and-acquisitions boutique Freeman & Co. to advise it on a possible transaction. Freeman & Co. handled the sales of all or part of at least five U.S. broker-dealers last year.
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