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Rating:LPL Has the Last Laugh, Says the WSJ Not Rated 2.0 Email Routing List Email & Route  Print Print
Friday, November 19, 2010

LPL Has the Last Laugh, Says the WSJ

News summary by MFWire's editors

Fundsters interested in the independent broker-dealer channel may want to take a look at the Wall Street Journal's "Deal Journal." Yesterday Lynn Cowan penned an article weighing the $470 million IPO deal of LPL and the mega $15.8 billion offering from General Motors.

The WSJ's verdict was that LPL executives "got the last laugh," despite losing the spotlight to GM, as LPL's shares climbed 7.2 percent by market close and GM's rose only 3.6 percent.

For more on the Boston and San Diego-based indie B-D's IPO, see The MFWire's coverage yesterday here and here

Edited by: Neil Anderson, Managing Editor


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