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MKM Partners Agrees to Be Acquired by Kazakhstani Brokerage

  • Transaction will bolster Freedom Holding’s U.S. footprint
  • Robert Wotczak will become CEO of MKM Partners following deal
Updated on

MKM Partners, the Wall Street boutique known for equities research and trading, signed an agreement to be acquired by Kazakhstani brokerage Freedom Holding Corp.

Freedom, based in Almaty, will acquire all the member interest of Stamford, Connecticut-based MKM for cash and Freedom common stock, with the deal subject to certain conditions including Financial Industry Regulatory Authority approval, the companies said in a statement Friday, confirming an earlier Bloomberg News report.