Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, December 4, 2007

Lehman Brothers Acquires Specialist Operations from Van Der Moolen

Lehman Brothers will establish a floor-based market making firm on the trading floor of the New York Stock Exchange, by acquiring certain assets related to the operations of Van der Moolen Specialists, USA LLC. A Lehman Brothers affiliate will have responsibility for 416 NYSE-listed issues including 308 operating companies when it begins operations on December 10, 2007. The completion of the transaction, which includes the transfer of certain Van der Moolen staff and technology, is subject to regulatory approvals.


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