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Direct Markets Holdings Corp. Message Board

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  • bottomsupinvestor bottomsupinvestor Sep 20, 2010 12:49 PM Flag

    otc assets

    It was a news release. The second one down from the top on the summary page. I don't know what it entails but it sounds like it would fit in well with their business. Maybe it will open some doors for them.

    .Rodman & Renshaw to buy OTC Bulletin Board assets
    Rodman & Renshaw plans to buy OTC Bulletin Board assets from Financial Regulatory Authority

    EmailPrint..Companies:Rodman & Renshaw Capital Group, Inc..On Tuesday September 14, 2010, 3:21 pm EDT
    NEW YORK (AP) -- Rodman & Renshaw Capital Group Inc. said Tuesday it is acquiring certain OTC Bulletin Board assets from the Financial Regulatory Authority Inc.

    Financial terms were not disclosed.

    The deal allows Rodman & Renshaw to expand its services and products and diversify its revenue base.

    The transaction is expected to close in the first quarter of next year.

    Shares of the company fell 10 cents, or 4.1 percent, to $2.36 in afternoon trading.

24.97-0.03(-0.12%)Mar 2 12:27 PMEST

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