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Goldman Sachs to Acquire Walter N. Frank & Co., LLC


NEW YORK – The Goldman Sachs Group, Inc. (NYSE: GS) today announced a definitive agreement to acquire Walter N. Frank & Co., LLC, a specialist firm on the floor of The New York Stock Exchange (NYSE). Walter Frank was founded in 1971 and is the specialist for over 70 issuers. Terms of the transaction were not disclosed. The transaction is subject to regulatory approvals and other customary closing conditions.



Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.