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Nasdaq to purchase OMX
Nasdaq Stock Market Inc. has agreed to buy Nordic markets owner OMX AB for $3.7 billion, after failing on an earlier bid to purchase the London Stock Exchange.
BofA appeals LaSalle ruling
Bank of America Corp. filed an appeal with the Dutch Supreme Court today over a commercial court’s freeze on the bank’s $21 billion agreement to buy LaSalle Bank from ABN Amro, according to published reports.
Barclays eyes stake in China Co.
Barclays PLC plans to take a 19.9% stake in New China Trust & Investment Co., according to a Dow Jones Newswires report.
SRO merger now in SEC’s court
Now that a lawsuit challenging the merger of the regulatory units of NASD and the New York Stock Exchange has been dismissed, attention has turned to the Securities and Exchange Commission, where NASD bylaw changes needed to seal the deal are pending approval.
CME ups the ante for CBOT
The Chicago Mercantile Exchange raised its bid for CBOT Holdings Inc., offering $9.21 billion in stock, or $174.28 per share, today.
Fortress buys real estate developer
Fortress Investment Group LLC has announced that it will buy Florida East Coast Industries Inc. in a deal valuing the Jacksonville, Fla.-based real estate developer at $3.5 billion.
Liberty Mutual to acquire Ohio Casualty
Liberty Mutual Group in Boston today announced that it will acquire all outstanding shares of common stock of Ohio Casualty Corp. of Fairfield, Ohio for $2.7 billion in cash, or $44 per share.
ABN AMRO rebuffs bid for LaSalle
ABN AMRO NV has squashed a $24.5 billion offer from a group of three European banks looking to purchase Chicago-based LaSalle Bank.
LPL buys most B-Ds of Pacific Life
After eight months of negotiations, LPL Financial Services Inc. this morning finalized the details of its acquisition of the majority of the broker-dealers owned by Pacific Life Co. of Newport Beach, Calif.
A Sterling idea: Building and flipping adviser networks
Independent financial advisory firms are being targeted for acquisition by investors looking to roll up small advisory firms into larger businesses and then cash in on the sale of adviser networks.
Special Report: Efficiency vs Independence equals stalemate in adviser acquisitions
A fragmented legion of independent financial advisers controls a growing share of the retail investment business. Meanwhile, an increasing cadre of larger financial services companies is on the prowl to buy these firms.
Waterhouse Investor Services Inc. Taking Over: Spring White Sale Prompted By Need To Boost Technology
In an interview just a few weeks ago, Jack White was extolling the joys of running a boutique.
