CHICAGO -- A Chicago-based securities firm acquired Clayton Brown & Associates' public finance office in Milwaukee last Thursday the same day Dain Bosworth Inc. announced an agreement to acquire Clayton Brown.

Nelson D. Civello, Dain Bosworth's executive vice president and director of the firm's fixed-income group, said Friday that the Milwaukee office was sold by mutual agreement between Clayton Brown and Griffin Kubik, Stephens & Thompson Inc., and with the consent of Dain Bosworth.

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