Business
Freedom Holding Corp. Agrees to Acquire MKM Partners LLC
ALMATY, KAZAKHSTAN and STAMFORD, CT / ACCESSWIRE / December 3, 2021 / Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom") has entered an agreement to acquire MKM
About this update from Freedom Holding Corp.
[{"type":"text","content":"ALMATY, KAZAKHSTAN and STAMFORD, CT / ACCESSWIRE / December 3, 2021 / Freedom Holding Corp. (NASDAQ:FRHC) (\"Freedom\") has entered an agreement to acquire MKM Partners, LLC (\"MKM Partners\"), it was announced today by Timur Turlov, Freedom CEO and Steven L. Messina, MKM Partners Co-CEO. Under the terms of the agreement, Freedom will acquire all the member interest of MKM Partners for cash and Freedom common stock. Completion of the transaction is subject to certain conditions, including approval of FINRA.\"MKM Partners is a well-respected institutional equity trading, sales, and research firm,\" said Turlov. \"With one of the largest distribution forces in the U.S. and a team of distinguished strategists and research analysts, MKM will further enhance Freedom's international team and extend our activities focused on U.S. growth.\"Upon closing, MKM will be led by Robert Wotczak, as CEO, and Sagar Sheth, current president of MKM Partners. \"We see exciting symmetry between MKM Partners business lines and Freedom that will enable new opportunities for growth. We expect integration of the companies to be accomplished smoothly given the continuity of management and personnel at MKM Partners,\" said Steven Messina. \"Freedom is a dynamic success story and will bring exciting opportunities for expansion to the MKM Partners team.\"About MKM PartnersMKM Partners is a Stamford-based firm focused on Trading, Research, Sales, Derivatives, Event Driven/Risk Arbitrage, Proprietary Studies, Capital Markets, Corporate Access, High Yield/Credit, and CSA. It is one of the largest trading firms in the U.S. and is ranked in the top tier in equity research.Michael Darda, Chief Economist/Market Strategist, leads a team of notable strategists, and is one of the most quoted and well-known economists on the Street with a global coverage span. Strategists on our team frequently appear on CNBC/Bloomberg, and they meet regularly with CIOs and CEOs of our largest clients to provide their unique data, content, and insights.About Freedom Holding Corp.Freedom Holding Corp., a Nevada corporation, is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services and consumer banking through its subsidiaries under the name of Free...