Alex. Brown is selling interest in real estate advisory operation.BALTIMORE--(BUSINESS WIRE)--Nov. 30, 1994--Alex. Brown Inc. announced that it is selling all of its interests in Alex. Brown Kleinwort Benson Kleinwort Benson was a merchant bank based in London. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisory Holding Company for $9,750,000 to Kleinwort Benson Holdings Inc. Alex. Brown Inc. is a holding company whose principal subsidiary is Alex. Brown & Sons Inc., the oldest investment banking firm in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Alex. Brown is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "AB." CONTACT: Alex. Brown Inc., Baltimore Beverly L. Wright, 410/727-1700 |
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