CRT Capital said it entered into a deal with Sterne Agee Group Inc and Stifel Financial Corp to purchase Sterne Agee's institutional equity business. Terms of the deal were not disclosed.CRT said on Friday the acquisition would include Sterne Agee's equity sales, trading and research distribution platform.Stifel said last month that it was acquiring Sterne Agee, a transaction that is expected to close in the second quarter of 2015.
Stifel Financial Corp. is a financial holding company. Shares of SF fell by 1.08% or $-0.61/share to $55.62. In the past year, the shares have traded as low as $41.47 and as high as $56.37. On average, 524315 shares of SF exchange hands on a given day and today's volume is recorded at 266601.
Stanfield Funds Management Limited (Stanfield) is an Australia-based fund management company. Shares of SFN traded higher by 0.27% or $0.07/share to $26.06. In the past year, the shares have traded as low as $25.34 and as high as $26.99. On average, 6600 shares of SFN exchange hands on a given day and today's volume is recorded at 3237.
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