Gleacher & Co. Opts Not To Sell, Scuttles Stifel Acquisition Hopes

Gleacher & Co., a New York-based investment bank Stifel Financial had eyed as an acquisition target, has decided not to sell the company or merge with another firm.

In a statement accompanying its fourth quarter earnings report Friday, Gleacher said it ended its strategic review and concluded that “the available opportunities were not in the best interests of Gleacher’s stockholders at this time.”

Read more from the St. Louis Post-Dispatch


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