Trading Floor For Sale: Drexel Sorts Through Buyers
THIS WEEK'S LEAD STORIES
When you've got a 700-position trading floor and no traders, what do you do? Sell, sell, sell, according to the executives at Drexel Burnham Lambert who have been entrusted with the task of liquidating the failed firm's assets.
"We're talking to people who may be interested in taking the floor over," says Gerard Higgins, senior vice president of telecommunications and data processing at Drexel. "And if that doesn't happen, then it'll be broken up and sold individually." Having sold off much of
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