RCS Capital Corp : * Announces agreement to acquire Summit Financial Services * Says rcap will acquire Summit for $49.0 million, or approximately $1.43 per share * Says following the deal, Summit and its units will continue to operate under
RCS Capital Corporation is a holding company. The Company is engaged in the business of wholesale broker-dealer, investment banking and capital markets business, a transaction management services provider and a transfer agent. Shares of RCAP remained unchanged at $17.67. In the past year, the shares have traded as low as $14.86 and as high as $19.78. On average, 21335 shares of RCAP exchange hands on a given day and today's volume is recorded at 0.
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