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Article: UBS-PaineWebber Deal Sparks Financial Stocks.(Brief Article)
- Article from:
- American Banker
- Article date:
- July 13, 2000
- Author:
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Financial stocks rallied Wednesday on news of UBS' deal to buy PaineWebber Group. Brokerages and asset managers got the biggest boost as investors bet on which company in the sector would be the next to be bought. Shares of A.G. Edwards, the U.S. brokerage that analysts say most resembles PaineWebber, were particularly buoyant. They rose $3.8125, or 7.46%, to $45.9375. "The retail firms are very much in play since the announcement of the PaineWebber-UBS transaction," said Michael Flanagan, an analyst at Financial Service Analytics in Pittsburgh. Investors believe that A.G. Edwards is a prime takeover candidate because it is the No. 2 regional brokerage behind PaineWebber ...
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Article: American Banker Online Reinvents The Routing List.
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... ... than their competitors. American Banker Online, located at http ... the Internet to plug into American Banker, the financial service industry ... daily information provider. American Banker Online's Site License Program ...
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