Janney Montgomery To Buy Parker/Hunter

Helen Chang
February 2005
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p6
Trade Publication
The article informs that one of the country's oldest brokerages, Janney Montgomery Scott, which was established in 1832, will buy Pittsburgh-based Parker/Hunter Inc. Upon the acquisition, Parker/Hunter chairman, president, and chief executive officer Rorbert Kampeinert will serve as chairman of Janney Montgomery Scott's board, replacing James Wolitarsky, who is also Janney's president and chief executive. Parker/Hunter, which traces its roots to 1902, will operate as a wholly owned subsidiary of Philadelphia-based Janney Montgomery Scott until later this year, when the deal is complete.


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