CHICAGO - Rodman & Renshaw Inc. and ABACO Casa de Bolsa announced yesterday that Mexico-based ABACO has acquired a 51% stake in the firm with the successful completion of a stock tender offer.

The offer, which began Nov. 23 and ended at midnight on Tuesday, resulted in the tendering of about 4.2 million shares - 96% - of Chicago-based Rodman's outstanding common stock, according to a press release from the firms.

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