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Stock impact report

G.research LLC Receives FINRA Approval for Morgan Group Merger

Associated Capital Group, Inc. (AC) 
US:NYSE Investor Relations: associated-capital-group.com/ir
Company Research Source: Business Wire
RYE, New York--(BUSINESS WIRE)--G.research, LLC, a subsidiary of Associated Capital Group, (NYSE: AC), announced today that FINRA approved its Continuing Membership Application (CMA) permitting Morgan Group Holding Co. as the direct owner of G.research. G.research provides institutional research and trade execution services to hedge funds, mutual funds and other institutional money managers.In May, the Board of Associated Capital Group formed a special committee to negotiate a transaction between G.research and Morgan Group Holding Co. The transaction remains subject to accounting and other regulatory dynamics as well as finalizing other conditions prior to closing. No assurance can be given that a transaction will be consummated.About Associated Capital Group, Inc.The Company operates its investment management business via Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.), its 100% owned subsidiary. GCIA and its wholly-owned subsidiary, Gabelli & Show less Read more
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