JMCGC merging with online trading and market making firm!
Fechtor & Detwiller - JMCGC up 20% today. They have institutional pension & gold clients to buy internet stocks.
Thursday March 25, 8:01 am Eastern Time
Company Press Release
SOURCE: JMC Group, Inc.; Fechtor, Detwiler & Co., Inc.
JMC Group, Inc. and Fechtor, Detwiler & Co., Inc. Agree to Pursue Merger
SAN DIEGO and BOSTON, March 25 /PRNewswire/ -- JMC Group, Inc. (''JMCG'') (Nasdaq: JMCGC;
PCX: JMC) and privately held Fechtor, Detwiler & Co., Inc. (''FEDE''), a registered broker dealer,
headquartered in Boston, Massachusetts, today announced an agreement in principle for a business
combination of the two companies. The merger is subject to the execution of a definitive agreement,
stockholder approval and regulatory approval, as well as completion of due diligence and receipt of a fairness
opinion.
The merger is intended to create an entity that will combine the financial services, including financial
management, institutional and retail brokerage, trading, investment banking, computer/information systems of
FEDE with the additional customer base, investment products and marketing management skills of JMCG.
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