Electronic brokerage firm
Third Avenue's bid for the Instinet unit came a month after Instinet agreed to be acquired by Nasdaq for $1.9 billion.
As a part of the deal, Instinet agreed to sell its brokerage arm to buyout specialist Silver Lake Partners for $207.5 million, according to Reuters. Third Avenue offered to buy the unit for $307 million.
"Nasdaq's agreement with Silver Lake does not permit Nasdaq to sell that business to a different party," Nasdaq said in a statement.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
