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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (25617)	4/9/1999 3:05:00 AM
From: Danny Song	Read Replies (1) \| Respond to of 90042

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. biz.yahoo.com and fede.com