Rumor Mill: PEAK 6 Acquiring Penson Worldwide?
Rumor Mill: PEAK 6 Circling Penson Worldwide
Rumors are pouring into The Options Insider that PEAK 6, the parent company of brokerage firm Options House, may have purchased Penson Worldwide at the close of business on Thursday.
Peak 6 is currently the largest individual shareholder of Penson Worldwide with approximately 16.5 million shares. If this rumor is accurate, then Peak 6 has acquired the remaining shares of the troubled clearing firm.
Of course, the tin foil hat crowd is speculating that PEAK 6 entered into the transaction specifically to foil the Zecco/Tradeking merger. Both firms use Penson to clear their trades.
Stay tuned to The Options Insider for more information on this developing rumor...
About The Options Insider
Compiled by The Options Insider staff.
View The Options Insider's post archive >
