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To: TFF who started this subject	6/6/2004 7:47:15 PM
From: gwb-trading	of 12617

T.H. Lee Deal for Refco Stake Imminent Sunday June 6, 6:24 pm ET biz.yahoo.com NEW YORK (Reuters) - Private investment firm Thomas H. Lee Partners is expected to announce on Monday a deal to buy a majority stake in Refco Group, the world's largest independent retail futures brokerage, for about $2.5 billion, sources close to the situation said. T.H. Lee's investment would give the New York-based brokerage more liquidity and possibly set it up to enhance its value through a public offering at some point in the future, analysts have said. Refco, which has operations in 14 countries and $20 billion in assets, has expanded and diversified through acquisitions like its purchase of discount futures brokerage Lind-Waldock & Co. in 2000. Refco was founded in 1969 to execute and clear trading in agricultural commodities. Spokesmen for Refco and T.H. Lee could not immediately be reached for comment.

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