Gleacher Drops Search For Buyer, Approves Dissolution
The New York company's board of directors said it will dissolve, liquidate and distribute its remaining assets to its shareholders after mounting losses and a failure to secure a buyer or merger partner. Gleacher & Co. separately on Thursday reported a net loss of $2.9 million, or $0.47 per share, in the fourth quarter of 2013.
The decision to...
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