Jefferies Parent Leucadia Snaps Up ITG's Research Arm
Leucadia has paid $12 million for the business that ITG bought for $56 million six years ago.
ITG Investment Research─formerly known as Majestic Research prior to its acquisition by ITG in 2010 for $56 million─provides data-driven research in the consumer, telecom, media, technology and macro sectors, covering over 200 companies.
Under the terms of the deal, Michael Marrale, ITG's head of research, sales and trading, who actively manages ITG Investment Research, will become M Science chief executive.
"We are pleased to acquire the Majestic Research business and look forward to welcoming
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