Flagging Gleacher & Co. Puts Itself On The Market

Law360, New York (August 30, 2012, 2:32 PM EDT) -- Struggling New York investment firm Gleacher & Co. Inc. has put itself up for sale after two years of lackluster earnings numbers and a major stock drop, the firm said Thursday, in line with a strategic plan introduced last year to shore up business.

The firm, founded by Wall Street stalwart Eric Gleacher, said it had retained an unnamed financial adviser to help it navigate its potential options, though it had not settled on any specific course of action. Gleacher & Co. said it cannot guarantee...
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