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Advisor Group, Cetera Financial seen as potential buyers of Ladenburg Thalmann

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Ladenburg should command a price of at least $1 billion, based on its enterprise value.

Advisor Group and Cetera Financial Group, along with a private-equity investor, are the likely buyers of Ladenburg Thalmann Financial Services Inc., according to several industry sources, with the value of the brokerage network and its 4,400 financial advisers estimated to be at least $1 billion.

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