Saturday, September 19, 2009

ITG Buys Macgregor

http://www.gartner.com/DisplayDocument?doc_cd=129881&ref=g_fromdoc

On 13 July 2005, ITG announced it will buy privately held Macgregor for approximately $230 million in cash. The deal is expected to close within 90 days. ITG is a brokerage firm that provides electronic order execution and related services for institutional firms. Its 2004 revenue totaled $335 million, generating $41 million net income. Macgregor is a provider of order management systems (OMS) for asset managers. Expected 2005 revenue is approximately $50 million, with pre-tax earnings of $16 million.....

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