The latest announcement is out from LGL Group ( (LGL) ).
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The LGL Group, Inc. announced a subscription agreement to acquire 1,000,000 shares of Morgan Group Holding Company (MGHL) for $2.27 million in cash, gaining a majority stake in MGHL. This transaction, approved by both companies’ boards and MGHL shareholders, is set to close in early 2025, allowing LGL Group to leverage MGHL’s brokerage and institutional research services to enhance its strategic capabilities across various industries.
More about LGL Group
The LGL Group, Inc. is a holding company involved in services, merchant investment, and manufacturing, with a focus on growth through expanding operations across diverse industries. It operates through subsidiaries such as Precise Time and Frequency, LLC, a producer of electronic instruments, and Lynch Capital International LLC, which focuses on value development through investments. Established in 1928, LGL Group’s origins trace back to Lynch Glass Machinery Company, a manufacturer of glass-forming machinery.
YTD Price Performance: -2.77%
Average Trading Volume: 4,455
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $32.08M
Find detailed analytics on LGL stock on TipRanks’ Stock Analysis page.
