Ladenburg Thalmann To Acquire Punk, Ziegel & Co >LTS

DOW JONES NEWSWIRES

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Ladenburg Thalmann Financial Services Inc. (LTS) agreed to acquire privatelyheld Punk Ziegel & Co. LP, a New York investment bank, for an undisclosedamount.

The investment bank and brokerage firm expects the transaction to close in thesecond quarter.

Punk Ziegel expects a "seamless transition with no disruption to clientservice."

Ladenburg shares closed Tuesday up 7 cents, or 4.2%, at $1.74.

-Nicholas Hatcher; Dow Jones Newswires; 201-938-5400

Order free Annual Report for Ladenburg Thalman Financial Serv

Visit http://djnewswires.ar.wilink.com/?link=LTS or call 1-888-301-0513

(END) Dow Jones Newswires 03-05-08 0909ET Copyright (c) 2008 Dow Jones & Company, Inc.


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