Key Developments: Gleacher & Company Inc (GLCH.O)

GLCH.O on Nasdaq

10.35USD
12:33pm EDT
Price Change (% chg)

$-0.01 (-0.10%)
Prev Close
$10.36
Open
$10.46
Day's High
$10.46
Day's Low
$10.35
Volume
6,100
Avg. Vol
18,360
52-wk High
$14.18
52-wk Low
$9.94

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Latest Key Developments (Source: Significant Developments)

Gleacher & Company Inc announces delisting from NASDAQ - Form 8-K
Friday, 27 Jun 2014 04:21pm EDT 

Gleacher & Company Inc:Says in connection with previously announced stockholder approval of voluntary dissolution and liquidation of Company pursuant to Plan of Dissolution and Liquidation.On June 26, 2014, Board approves delisting of Company’s securities from NASDAQ Global Market (NASDAQ Global Market).Company provided notice to NASDAQ of its intent to voluntarily delist and deregister its common stock from NASDAQ on June 27, 2014.Company intends to file Form 25 with the Securities and Exchange Commission on or about July 7, 2014 to commence the delisting process.Company expects that delisting will become effective prior to commencement of trading on or about July 17, 2014, at which time trading in Company’s common stock will be indefinitely suspended.  Full Article

Gleacher & Company Inc announces board approval of dissolution and liquidation
Thursday, 13 Mar 2014 06:55am EDT 

Gleacher & Company Inc:Determined that it is in best interests of company's stockholders for company to dissolve, liquidate and distribute to stockholders its available assets.Separately, reported a net loss of $2.9 mln ($0.47 per share) for the fourth quarter of 2013.Intends to present this proposal to stockholders of record as of April 21.  Full Article

Gleacher & Company Inc To Exit Fixed Income Business, In Talks On Business Combination-DJ
Wednesday, 10 Apr 2013 08:38am EDT 

Dow Jones reported that Gleacher & Company Inc will exit its fixed income businesses, effective immediately, and also revealed it is engaged in preliminary discussions with a third party regarding a potential business combination. The embattled advisory and trading firm said exiting its mortgage-backed securities and rates and credit products businesses, together with cuts related to administrative and other support personnel, could affect up to about 160 employees. The plan doesn't include Gleacher's other business operations, which mainly consist of investment banking.  Full Article

Gleacher & Company Inc Announces Closing Of Clearpoint Sale To Ocwen Financial Corporation's Homeward Residential, Inc
Monday, 25 Feb 2013 06:00am EST 

Gleacher & Company Inc announced that it has closed the sale of substantially all of the assets of its ClearPoint subsidiary to Homeward Residential, Inc., a wholly owned subsidiary of Ocwen Financial Corporation pursuant to an agreement previously announced.  Full Article

Gleacher & Company Inc Announces Resignation Of Chairman
Tuesday, 29 Jan 2013 08:00am EST 

Gleacher & Company Inc announced that Eric J. Gleacher has resigned as Chairman of the Company's Board of Directors and as an officer and director of the Company, and will be leaving the firm.  Full Article

Gleacher's board approves liquidation of assets

- Gleacher & Co Inc said its board approved a plan to liquidate its assets and distribute them to shareholders, capping years of struggle that resulted in the company shutting its main investment banking business last year.

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