Goldman Sachs Group Inc. NYSE:GS Message Board

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Non-Tech : Goldman Sachs Group Inc. NYSE:GS

GS 889.98

+0.2%

3:59 PM EST

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To: J. Arzente who wrote (157)	7/12/1999 9:41:00 AM
From: Mohan Marette	of 411

Goldman to buy market-maker Hull for $531 million NEW YORK, July 12 (Reuters) - Top investment bank Goldman Sachs Group (NYSE:GS - news) said on Monday it plans to buy Chicago-based electronic market-maker The Hull Group for $531 million in stock, options and cash, to bolster its position in electronic stock trading. Goldman and other Wall Street firms have been investing in electronic stock trading systems that would compete with the traditional U.S. exchanges. Hull Group, which had planned to sell shares to the public in July, is an electronic market-maker in stock derivatives and stocks on 28 exchanges and in nine countries. biz.yahoo.com

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