Freedom Holding Corp. entered into agreement to acquire MKM Partners, LLC
06.12.21 12:12
/KASE, December 6, 2021/ – Freedom Holding Corp. (USA), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated December 3, 2021:
quote
Freedom Holding Corp. (NASDAQ:FRHC) ("Freedom") has entered an agreement to
acquire MKM Partners, LLC ("MKM Partners"), it was announced today by Timur Turlov,
Freedom CEO and Steven L. Messina, MKM Partners Co-CEO. Under the terms of the
agreement, Freedom will acquire all the member interest of MKM Partners for cash
and Freedom common stock. Completion of the transaction is subject to certain
conditions, including approval of FINRA.
"MKM Partners is a well-respected institutional equity trading, sales, and
research firm," said Turlov. "With one of the largest distribution forces in the
U.S. and a team of distinguished strategists and research analysts, MKM will
further enhance Freedom's international team and extend our activities focused
on U.S. growth."
Upon closing, MKM will be led by Robert Wotczak, as CEO, and Sagar Sheth,
current president of MKM Partners. "We see exciting symmetry between MKM
Partners business lines and Freedom that will enable new opportunities for
growth. We expect integration of the companies to be accomplished smoothly
given the continuity of management and personnel at MKM Partners," said
Steven Messina. "Freedom is a dynamic success story and will bring exciting
opportunities for expansion to the MKM Partners team."
unquote
[2021-12-06]