CHICAGO -- Rodman & Renshaw Inc. and ABACO Casa de Bolsa made their engagement official yesterday.

The Chicago-based Rodman and Mexico-based ABACO said they have signed a "definitive agreement" for ABACO to acquire about 51% of Rodman's outstanding common stock at $10.50 a share in cash.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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