Wednesday, July 25, 2007

UPDATE 1-Van der Moolen buys U.S. broker, sells NYSE shares

(Reuters) - "The acquisition price is based on the earnings of
R&H for the years 2006, 2007 and 2008. For 2006 the price
amounts $2 million," Van der Moolen said in a statement.




"The acquisition price for 2007 and 2008, respectively, will
be the net profit for the year multiplied by factor 4.5 for 2007
and factor 4 for 2008," Van der Moolen said, adding that R&H
would be included in its third-quarter results.


Read more at Reuters.com Mergers News

No comments: