Ladenburg and Advisor Group announced at a special meeting of Ladenburg’s shareholders held January 30, 2020, that Ladenburg’s shareholders overwhelmingly voted to approve the merger of Ladenburg and Advisor Group.
The shareholder approval satisfies one of the conditions to the closing of the pending transaction. The parties have also received regulatory approval from the Financial Industry Regulatory Authority in connection with the merger and expect to be in position to complete the merger in mid-February 2020, subject to the satisfaction or waiver of the remaining conditions to closing.
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