Reginal Thomas
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CRT Capital to Acquire Sterne Agee's Institutional Equity Business

RT Capital has entered into a deal with Sterne Agee Group Inc. and Stifel Financial Corp to acquire Sterne Agee’s institutional equity business. The terms of the deal have no been disclosed.

CRT announced on Friday the deal would include Sterne Agee’s equity sales, trading and research distribution platform. Stifel said it was acquiring Sterne Agee last month, a deal that is expected to close in the second quarter of 2015.