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RCS Capital Corp to buy Cetera for $1.15 bln in cash - Reuters

Thursday, 16 Jan 2014 11:37am EST 

RCS Capital Corp:Says it would buy independent broker-dealer Cetera Financial Group for about $1.15 billion in cash to grow its retail distribution business - Reuters.Says RCS Capital is buying Cetera from private equity firm Lightyear Capital LLC.Says its investment banking arm and Barclays were its financial advisers, while Bank of America Merrill Lynch advised Cetera. 

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