Josephthal, Lyon & Ross has made an offer to merge with Chicago-based Rodman & Renshaw Capital Group Inc., a Josephthal official confirmed yesterday.

In recent weeks, Josephthal, a privately held New York-based investment bank and brokerage firm, has purchased 330,000 shares of Rodman & Renshaw stock, or approximately 7.6% of the outstanding shares of the company, said Dan Purjes, chairman, president, and chief executive officer of Josephthal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.