Expect to hear more from REIT king Nicholas Schorsch and RCS Capital, his growing IBD holding company.
Even as RCS is working to close its $1.15 billion deal to buy Cetera Financial Group, Schorsch has made it clear that more acquisitions are in the works. In fact, in an SEC filing last month, RCS revealed that it has already paid $1 million to a "potential acquisition target" for an exclusivity deal that ends this month (but may be extended for two more).
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