NEW YORK, May 10, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that it has signed a definitive agreement to sell ITG Investment Research to Leucadia National Corporation (NYSE:LUK), a diversified holding company. Subject to customary conditions, the transaction is expected to close at the end of May 2016. Upon close, ITG Investment Research will operate as M Science. Under the terms of the agreement, Leucadia will acquire ITG Investment Research for $12 million in cash. ITG expects to generate a net increase in cash of more than $5 million. ITG does not expect to book a material gain or loss from this transactio...
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