Refco Files For Bankruptcy, Agrees To Sell Futures Brokerage
Refco will sell the futures brokerage, which includes subsidiaries Refco LLC and its UK and Singapore affiliates, Refco Overseas Ltd. and Refco Singapore, to an investor group led by private equity fund J.C. Flowers LLC.
Flowers, a brokerage known for floating formerly insolvent businesses, said that Refco’s futures brokerage is...
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