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Sanders Morris Harris (SMHG) Acquires 50.1% Stake in Global Financial Services

November 29, 2010 6:57 AM EST
SMHG Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)

Dividend Yield: 2.5%
Sanders Morris Harris Group Inc. (Nasdaq: SMHG) announced that they have reached an agreement to acquire a 50.1% interest in Global Financial Services L.L.C.

Financial terms of the deal were not disclosed, though Global Financial has $4 billion in Assets Under Management.


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