Deals
RCS Capital to Buy Marron’s Cetera for $1.15 Billion
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RCS Capital Corp. agreed to buy Cetera Financial Group from Donald Marron’s Lightyear Capital LLC for $1.15 billion as it seeks to build a network of brokers across the country.
The deal would give RCS Capital 9,000 financial advisers, the New York-based brokerage led by Nicholas S. Schorsch said today in a statement. Its stock climbed 3.4 percent to $19.15 at 4:03 p.m. in New York.