National Holdings Corporation Expands Business Through Strategic Asset Acquisition of Williams Financial Group Inc.
NATIONAL HOLDINGS CORP (NHLD)
US:NASDAQ Investor Relations:
nhldcorp.com
Company Research
Source: GlobeNewswire
NEW YORK, March 13, 2017 (GLOBE NEWSWIRE) -- National Holdings Corporation (NASDAQ:NHLD) (“National” or the “Company”), a leading full service independent brokerage, investment banking and asset management firm providing a wide array of services, today announced that it has signed a definitive agreement to acquire select assets of Williams Financial Group, subject to FINRA approval. Under the terms of the transaction, National will pay $2.3 million in initial consideration at closing, with the potential for additional cash and/or stock payments if certain performance targets are met within the 3 years following closing. Williams Financial Group has approximately 230 financial professionals nationwide with approximately $6.5 billion in client assets under management. The addition of select assets from the Williams organization will be an important and complementary addition to the Company’s current business. Michael Mullen, Chief Executive Officer of National stated, “We are ex
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