financetom
Business
financetom
/
Business
/
LPL Financial to Acquire Broker-Dealer Investment Center
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
LPL Financial to Acquire Broker-Dealer Investment Center
Sep 6, 2024 12:19 PM

10:08 AM EDT, 09/04/2024 (MT Newswires) -- LPL Financial Holdings ( LPLA ) said Wednesday it has agreed to acquire broker-dealer and investment adviser Investment Center.

Financial terms weren't disclosed.

LPL expects to close and convert the acquisition in the first half of 2025, subject to regulatory approval and other conditions.

Price: 221.59, Change: +1.88, Percent Change: +0.86

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil companies try to restore Texas operations after Storm Beryl
Oil companies try to restore Texas operations after Storm Beryl
Jul 9, 2024
By Arathy Somasekhar, Georgina McCartney and Laila Kearney HOUSTON, July 9 (Reuters) - Oil and gas companies in Texas restarted some operations on Tuesday after Hurricane Beryl lashed the state with 80-mph (129-kph) winds, while some facilities sustained damage and power had not been fully restored. Beryl's impact on oil and gas production was expected to be limited. The storm...
US private funds urge regulator to scrap other rules following appeals court victory
US private funds urge regulator to scrap other rules following appeals court victory
Jul 9, 2024
NEW YORK (Reuters) - Private fund groups asked the Securities and Exchange Commission on Tuesday to withdraw three proposed rules aimed at investment advisers after a U.S. appeals court last month said the agency did not have the authority to oversee the sector. The Managed Funds Association and five other groups said the SEC should scrap its proposed rules on...
Kokusai Electric shares fall 9% on KKR share sale report
Kokusai Electric shares fall 9% on KKR share sale report
Jul 9, 2024
TOKYO (Reuters) - Shares in Kokusai Electric ( KOKSF ) fell 9% in early Tokyo trading on Wednesday, a day after Reuters reported private equity firm KKR plans to cut its stake in the Japanese chip equipment manufacturer. KKR plans to sell roughly half of its 43% stake in Kokusai to investors, Reuters reported late on Tuesday, cashing in after...
China's Ping An eyes up to $5 billion convertible bond, sources say
China's Ping An eyes up to $5 billion convertible bond, sources say
Jul 9, 2024
(Reuters) - China's Ping An Insurance ( PIAIF ) is considering issuing a convertible bond worth up to $5 billion, according to two sources with direct knowledge of the matter. The bond could raise between $2 billion and $5 billion, according to one of the sources. A deal is expected in the next few weeks, the sources added. They could...
Copyright 2023-2026 - www.financetom.com All Rights Reserved