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BFranklin

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BFranklin

Re: None

Friday, 10/28/2011 9:47:25 AM

Friday, October 28, 2011 9:47:25 AM

Post# of 2533

MF Global Holdings is in "advanced negotiations" to sell its struggling futures brokerage, a source close to the company told CNBC.

The company is negotiating with a narrow field of bidders, the source said, and a sale of its broker-dealer unit remains an option.

MF is hoping to reach a deal for its futures arm by Monday, if not sooner, the source said. The company reportedly tapped its $1.3 billion credit lines "to preserve liquidity," and remains in contact with regulators, the source said.

Going to be big, IMO. GLTA










http://www.cnbc.com/id/45075715
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