ED&F Man buys First Options investor services
13 July 1998
ED&F Man buys First Options investor services
P>ED&F Man has agreed to buy the brokerage accounts of First Options investor services division for an expected $11.6m (£7m).
The financial services and agricultural products group is expected to make the payments mostly in profit-related amounts from completion to December 31 2003.
The purchase of the Chicago options trader fits in with ED&F Mans strategy of making small, bolt-on acquisitions to bolster its position in wholesale financial services.
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