Market Overview

Goldman to the Rescue? Suitors Circle MF Global


As MF Global (MF: 1.33, -0.10, -6.99%) races to survive, a number of suitors are reportedly circling the embattled futures brokerage, including CEO Jon Corzine's former employer: Goldman Sachs (GS: 115.96, +1.05, +0.91%).

According to The Wall Street Journal, Goldman, State Street (STT: 41.82, +0.62, +1.50%) and Australia's Macquarie are all either eyeing New York-based MF Global or its parts. Other firms may also be looking at the company, but any deal would be expected to happen quickly as its stock plunged below $1 on Friday.

Corzine, the former governor of New Jersey, served as CEO at Goldman from 1994 to 1999, raking in an estimated $600 million.

Continue reading the article.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: General


Related Articles

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Water Energy Stocks Alert: Hong Kong Water Supplies Department Chooses Itron's Water Metering Technology

Goldman Sachs Upgrades Aon Corporation from Neutral to Conviction List Buy