Gleacher & Company Retains Blackstone to Assist with Strategic Alternatives

  Gleacher & Company Retains Blackstone to Assist with Strategic Alternatives

Business Wire

NEW YORK -- August 12, 2013

Gleacher & Company, Inc. (Nasdaq: GLCH) today announced that it has retained
Blackstone Advisory Partners L.P. ("Blackstone") to provide financial advisory
services in connection with potential transactions. Under the terms of the
engagement letter, Blackstone will work with the Company to consider potential
mergers, acquisitions or other business combinations.

There can be no assurance that any transaction will occur or if so, on what

Blackstone is one of the world's leading investment and advisory firms. It
provides financial and strategic advisory, restructuring and reorganization
advisory and fund placement services. Since the firm's inception, Blackstone
has advised clients on M&A deals representing over $495 billion in value and
restructuring assignments involving approximately $1.1 trillion of total

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq: GLCH) is incorporated under the laws of the
State of Delaware. The Company’s common stock is traded on The NASDAQ Global
Market under the symbol “GLCH.”

Forward-Looking Statements

This press release contains “forward-looking statements.” These statements are
not historical facts but instead represent the Company’s belief regarding
future events, many of which, by their nature, are inherently uncertain and
outside of the Company’s control. These statements include the expectations
regarding the Company’s restructuring process. The Company’s forward-looking
statements are subject to various risks and uncertainties, including
uncertainties regarding the Company’s restructuring and other risks and
factors identified from time to time in the Company’s filings with the
Securities and Exchange Commission. It is possible that the Company’s actual
results and financial condition may differ, possibly materially, from the
anticipated results and financial condition indicated in its forward-looking
statements. In particular, there can be no assurance that the Company will
engage in a transaction or as to the terms of a transaction, should one be
completed. You are cautioned not to place undue reliance on any
forward-looking statements. The Company does not undertake to update any of
its forward-looking statements.


Gleacher & Company, Inc.
Investor Relations, 212-273-7100
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