MF Global Holdings Ltd was in talks on Sunday with possible buyers with the goal "squarely" of doing a deal, though all options remained on the table as the firm hired restructuring and bankruptcy advisers, sources familiar with the situation said.Sullivan & Cromwell's restructuring and mergers teams have joined the long roster of those advising MF Global, one source familiar with the situation said.The securities company also has hired firms Skadden, Arps, Slate, Meagher & Flom and Weil, Gotshal & Manges to prepare potential restructuring options, the Wall Street Journal reported in its electronic edition.Weil would focus on MF Global's U.K. subsidiary if it needed to pursue a formal restructuring overseas, the newspaper said.
MF Global Holdings Ltd. (MF Global) is a holding company. Shares of MF fell by 16.08% or $-0.23/share to $1.20. In the past year, the shares have traded as low as $3.86 and as high as $9.28. On average, 3726380 shares of MF exchange hands on a given day and today's volume is recorded at 84668336.
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