Jesup & Lamont Merging with Tri-Artisan Capital
Jesup & Lamont Inc. (NYSE Amex: JLI) has agreed to merge with Tri-Artisan Capital Partners, a New York-based merchant bank focused on private equity and M&A advisory services. Under terms of the agreement, Tri-Artisan shareholders would receive around $9.25 million worth of Jesup & Lamont common stock and $15.74 million of convertible preferred stock. The deal's close is predicated on an equity capital raise.
11 February 2010•5 mins read
