Deals
Muriel Siebert’s Discount Brokerage Is Said to Seek Buyers
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Siebert Financial Corp., whose late founder Muriel Siebert was the first woman to buy a seat on the New York Stock Exchange, is exploring a sale, people with knowledge of the matter said.
The brokerage is working with Raymond James Financial Inc. to seek a buyer and could fetch more than $50 million in a sale, said the people, who asked not to be identified because the matter is not public. Siebert Financial jumped 59 percent to $3.24 in New York trading today, giving the company a market value of $71.6 million.