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Article: Smith Mitchell's president says M.R. Beal has agreed to buy firm.(Smith Mitchell Investment Group Inc., M.R. Beal and Co.)
- Article from:
- The Bond Buyer
- Article date:
- September 25, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M.R. Beal & Co. has agreed to acquire Smith Mitchell Investment Group Inc. for an undisclosed price, Smith Mitchell president Carolie Smith said on Friday.
The proposed acquisition would result in Smith Mitchell becoming a Beal subsidiary. Sources familiar with the deal, including several former Smith Mitchell employees, said Friday that the Seattle-based firm has been looking for a buyer for months.
Smith Mitchell's shareholders are scheduled to meet in Seattle tomorrow to discuss the proposed acquisition. Sources said the purchase price was still under consideration, but it would probably involve Beal taking on Smith Mitchell's debts, with an undisclosed ...