Replies to post #27 on Gerova Financial Group Ltd (GFC)

[CansoSpaceMan]

Seymour Pierce in Talks to Merge with Gerova Financial

Financial Times reported that Seymour is in advance talks with US-based Gerova Financial Group (NYSE: GFC: 27.55, 6.05) for a possible merger.

The deal values Seymour Pierce around $63 million and the consideration is expected to be paid in Gerova Shares. The combined entity will be called Seymour Pierce Inc. Gerova Financial remained flat at $21.50 on Monday's close.