Business Services Industry
Ladenburg Thalmann Agreement to Acquire Gruntal Terminated
Business Wire, April 22, 2002
Business Editors
NEW YORK--(BUSINESS WIRE)--April 22, 2002
Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) today announced the termination of the letter of intent under which Ladenburg Thalmann was to acquire Gruntal Financial, L.L.C. and its broker dealer affiliates, Gruntal & Co., L.L.C. and The GMS Group, L.L.C. The parties were unable to reach agreement on definitive terms for the transaction.
Ladenburg Thalmann Financial Services operates through its two wholly owned subsidiaries, Ladenburg Thalmann & Co. Inc. and Ladenburg Capital Management Inc., formerly known as GBI Capital Partners. Founded in 1876 and a NYSE member since 1879, Ladenburg is a full service investment banking and brokerage firm based in New York City, with regional offices in Los Angeles, Boca Raton, Great Neck, Cleveland and Las Vegas. The Research division's strategic focus is on the Biotechnology, Communication Technology, Enterprise Software & Services, Energy, Medical Technology, Restaurants, Retailing/Special Situations, Satellite, and Technology (Computer Peripherals) sectors. Ladenburg's corporate finance department specializes in middle market companies and emerging growth businesses. The firm's retail brokerage division, Private Client Services, leverages the firm's research and asset management capabilities.
Ladenburg Capital Management is a full-service securities and trading firm providing personalized investment recommendations and service to individual and institutional investors. Ladenburg Capital Management is headquartered in Bethpage, NY and operates offices in New York City, Fort Lauderdale and San Francisco.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express