Ladenburg Thalmann Financial Services Postpones Rights Offering.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 6, 2002 Ladenburg Thalmann Ladenburg Thalmann is a small New York City investment bank and broker founded in 1876. The firm became a member of the New York Stock Exchange in 1879 and was a major Wall Street player into the 1950s. Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc. (AMEX AMEX See: American Stock Exchange : LTS LTS 1 Latent tetany syndrome, see there 2. Low-threshold spike–neurology ), the financial services holding company whose principal operating subsidiaries are Ladenburg Thalmann & Co. Inc. and Ladenburg Capital Management Inc., announced today that it has decided to postpone its previously announced rights offering due to market conditions. The Company intends to review the situation at the end of its third quarter to determine if conditions for the offering have improved. About Ladenburg: Ladenburg Thalmann Financial Services is engaged in retail and institutional securities brokerage, investment banking and research services through its principal operating subsidiaries, Ladenburg Thalmann & Co. Inc. and Ladenburg Capital Management Inc. Founded in 1876 and a 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. member since 1879, Ladenburg Thalmann & Co. is a full service investment banking and brokerage firm that provides its services principally for middle market and emerging growth companies and high net worth individuals through a coordinated effort among corporate finance, research, capital markets, investment management, brokerage and trading professionals. Ladenburg Capital Management is a full-service securities firm whose business activities consist primarily of retail sales and trading of exchange listed and over-the-counter equity securities, options and mutual funds, as well as investment banking and asset management services. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Ladenburg Thalmann Financial Services has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends" and similar expressions. These statements reflect Ladenburg's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Ladenburg's actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements. These risks, uncertainties and contingencies include those set forth in Ladenburg's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2001, its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2002 and other factors detailed from time to time in their other filings with the Securities and Exchange Commission. Ladenburg does not undertake any obligation to update or advise upon any such forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. |
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