Sullivan Reps Prudential In $430M Bache Group Sale

Law360, New York (April 7, 2011, 12:16 PM EDT) -- Financial services firm Jefferies Group Inc. said Thursday that it would boost its commodities and securities futures trading businesses with the $430 million purchase of insurance giant Prudential Financial Inc.'s Prudential Bache Global Commodities Group.

The businesses changing hands in the deal are Prudential Bache Commodities LLC, Prudential Bache Securities LLC in the U.S., Bache Commodities Ltd. in the U.K. and Bache Commodities (Hong Kong) Ltd., Jefferies Group said.

The businesses offer brokerage and clearing services in listed derivatives on all major futures and options exchanges...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.