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IPO Candidate ConvergEx Is Weighed Down by Deals

Traders Magazine Online News, June 14, 2011

Peter Chapman

ConvergEx is still searching for that pot of gold. Formed five years ago and built up through numerous acquisitions, ConvergEx is struggling to make a profit. The industry downturn and charges related to the firm’s several acquisitions have conspired to keep its aggregate net income below sea level.

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