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RCS Capital Corp Signs Letter Of Intent To Acquire Investors Capital Holdings


Wednesday, 2 Oct 2013 06:30am EDT 

RCS Capital Corp and Investors Capital Holdings, Ltd. announced that they have entered into a letter of intent relating to the acquisition by RCAP of ICH. Following this transaction, ICH and its subsidiaries will become RCAP's sixth line of business (after the recently announced acquisition of the Hatteras Funds Group). The closing of the transaction will be subject to certain to-be-agreed-upon conditions including SEC and FINRA approval of the proposed change in control and approval of the transaction by the stockholders of ICH. 

Company Quote

9.7
-0.11 -1.12%
12:41pm EDT