NEW YORK (Thomson Financial) - Ladenburg Thalmann Financial Services Inc.
Wednesday said it would buy investment bank Punk, Ziegel & Co. for an
undisclosed amount.
The deal is expected to close in the second quarter.
Ladenburg said the acquisition would expand its healthcare, financial
services and institutional equity businesses.
Shares of Ladenburg, a Miami-based investment bank, closed Tuesday at $1.74.
Ryan Vlastelica
rv/vj
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