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Guggenheim believed to be acquiring Millstein & Co.

Anthony Noto
American City Business Journals
Guggenheim believed to be acquiring Millstein & Co.

Guggenheim Partners has agreed to buy advisory firm Millstein & Co. That's according to The Wall Street Journal, although other media outlets are reporting that no decision has been made. The acquisition comes as Guggenheim chairman Alan Schwartz aims to grow the firm's restructuring businesses at the securities division. The team is preparing for the next economic downturn, which Chief Investment Officer Scott Minerd said may happen in about two years.