Monday, July 9, 2007

LaBranche to launch strategic review; shares up

(Reuters) - NEW YORK, July 9 - LaBranche & Co. Inc. , which runs one of the largest equity specialist trading operations on the floor of the New York Stock Exchange said on Monday it would begin a strategic review of the company, sending its shares up 4 percent in morning trading.



The company also said it would sell its equity specialist operation on the American Stock Exchange and report a second-quarter net loss due to charges related to its NYSE Euronext investment.


Read more at Reuters.com Mergers News

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