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News > Deals
Merrill in for Herzog?
June 5, 2000: 1:55 p.m. ET

Wall Street Journal reports Merrill will pay slightly less than $1 billion for acquisition
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NEW YORK (CNNfn) - Merrill Lynch could be back in high-volume Nasdaq trading with the purchase of specialty-trading company Herzog Heine Geduld, The Wall Street Journal reported Monday.

Citing people close to the matter, the Journal said Merrill (MER: Research, Estimates) is likely to pay slightly less than $1 billion, the valuation calculated by comparing similar companies. The deal could be announced as early as Monday afternoon.

A Merrill Lynch spokesman had no comment, while a spokesman for Herzog was not immediately available.

Jersey City, N.J.- based Herzog is a Nasdaq market maker, which creates a market for Nasdaq stocks by offering to buy and sell them. Other market makers include Knight/Trimark and Schwab Capital Markets. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.