Prudential-Bache Securities Inc. is in the final stages of negotiations to buy Thomson McKinnon Securities Inc., and a deal is expected to be announced by the end of the month, people with direct knowledge of the talks said yesterday. Executives at the Wall Street firms declined to confirm or deny that the discussions were under way, but Thomson McKinnon has been trying for months to find new capital. Wall Street sources said yesterday that in recent months, Thomson McKinnon's financial statements had been reviewed by several potential bidders, including Paine Webber Inc. and Dean Witter Reynolds Inc. The sources declined to say how much Thomson McKinnon would be seeking in a sale. But the firms were said to have been uninterested in buying Thomson McKinnon, because the asking price was said to be too high and because the firms believed that Thomson McKinnon's best brokers had left as rumors of an impending sale circulated for months. The effort to sell Thomson McKinnon comes after the firm failed to find an investor for a 23 percent stake held by the Hartford Insurance Company.

Hartford has owned part of the New York-based brokerage, among the nation's 20 largest, since 1983. In October, Thomson McKinnon, a unit of the privately held Thomson McKinnon Inc., told employees that it was seeking a buyer for the insurer's stake. The firm has since approached several Asian companies, but interest in the stake was small because it would not give an investor control of the company. The talks with Prudential-Bache are said to be the first time that Thomson McKinnon has been close to successfully closing a deal. If the firm reaches a deal, executives with other Wall Street firms said they believed that Prudential would also buy the shares of Thomson McKinnon Asset Management L.P., an investment advisory subsidiary that is publicly traded. The unit has more than $6 billion in assets, a Thomson McKinnon spokesman said. Managing assets is one of the strongest businesses at brokerages, and a number of Wall Street executives say that such activities will bring new trading business as public confidence in the stock market grows.

The shares of Thomson McKinnon Asset Management closed yesterday at $12.50, up $1 each, on the New York Stock Exchange. With more than 3.6 million shares outstanding, the unit has a current value of more than $45 million.View List Map1 2 3 4 Next Sorted by: Showing 1 - 10 of 46 results 1/193 McKinnon Road, McKinnon, Vic 3204 | RETAIL/OFFICE SPACE FOR SALE Just Commercial are offering the astute investor or owner/operator this brand new retail/office space. * Clean space of approx 55sqm * Air Conditioned * One secure car space on... Floor Area: 55 m² 251-253 Jasper Road, McKinnon, Vic 3204 | PERMIT APPROVED APARTMENT PROJECT WITHIN THE MCKINNON ACTIVITY CENTRE 251-253 JASPER ROAD, MCKINNON + Prominent retail landholding over two (2) titles with rear vehicle access + Planning permit for a quality mixed use development comprising twelve... Land Area: 368.00 m² (approx) Multiple Spaces Available HIGH SECURITY BUSINESS STORAGE 24/7 secure, easy access Bathroom in each unit High 5m x 4.5m roller doors Floor Area 121 m² - 242 m² Multiple Spaces Available HIGH SECURITY CAR AND BOAT STORAGE High 5m x 4.5m roller doors Premium high security storage 24/7 secure, easy access Floor Area 121 m² - 242 m² Multiple Spaces Available HIGH SECURITY STORAGE Premium high security storage 24/7 secure

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New Cafes For Sale are listed everyday. To get the Latest Cafes for Sale, please Register Your details. For Cafe Business Owners we provide a Listing Guarantee. We focus on Selling and Not just Listing. Columbus McKinnon to raise $47 million in stock sale Columbus McKinnon Corp. has reached an agreement to raise $47.2 million by selling additional shares of the Amherst material handling equipment maker's stock to help pay for its acquisition of a German hoist maker. The stock sale will help Columbus McKinnon reduce the amount of debt it takes on as a result of its $240 million deal announced earlier this month to buy Stahl Crane Systems. The acquisition will make Columbus McKinnon the world's second-biggest hoist company and will expand the Amherst material handling equipment company's product line to include explosion-protected hoists and components used by miners, in oil and natural gas exploration and by the chemical processing industry. The deal also will greatly increase Columbus McKinnon's debt load.