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Majestic Research Acquired by Investment Technology Group for $56 Million
On October 25, Paul, Weiss client Majestic Research Corp., an independent provider of data-driven equity research to the institutional investment community, was acquired by Investment Technology Group, Inc., a NYSE-listed agency broker and financial technology firm. The aggregate purchase price was approximately $56 million.
The Paul, Weiss team representing Majestic included corporate partners Matthew Abbott and Mark Underberg; employee benefits partner Rob Fleder; and tax partner David Mayo.