Monday, September 19, 2005
Investment Tech Group to buy J.P. Morgan's Plexus unit
Market Pulse: Investment Tech Group to buy J.P. Morgan's Plexus unit: Financial News - Yahoo! Finance: "Investment Technology Group Inc., , a New York provider of equity-trading services and transaction research, definitively agreed to pay $12 million cash for Plexus Group Inc., a Los Angeles transaction-cost-analysis subsidiary of JPMorgan Chase Bank. Plexus's revenue in 2004 was $11 million. In 2005, revenue is projected to remain steady and the business is expected to break even, ITG said. ITG shares rose 32 cents, or 1.1%, Friday to $29.34."