CHICAGO -- A Mexico-based financial services company announced its intention yesterday to acquire a majority stock interest in Chicago-based Rodman & Renshaw Inc.

The joint announcement by Rodman and ABACO Casa de Bolsa followed weeks of speculation as to which acquisition bid Rodman would ultimately accept. Rodman had received eight merger or acquisition bids by the deadline it set on Sept. 15. Five days later the firm announced that five of the parties were selected for a final round of bidding.

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