Rodman said that the combined company will continue to operate under the Rodman name and trade on the NASDAQ under the symbol RODM.
Under this transaction, each Hudson stockholder will receive approximately 0.0332 shares of Rodman common stock for each common share of Hudson held.
Rodman will remain headquartered in New York City with offices in Jersey City, Tinton Falls, Houston, Norwalk, Boston, Boca Raton, Cleveland, Chicago and Los Angeles.
Rodman CEO Edward Rubin said that the close of this acquisition brings substantial diversification to Rodman’s business platform through Hudson’s sales and trading and represents a very significant milestone in the building of our franchise.
"Over the past three months, professionals from both entities have been working diligently to prepare for the integration of the two firms under the Rodman brand.
"We expect to synergistically add Hudson’s established and broad-based sales and trading onto the platform right away and immediately expand Rodman’s research capabilities, expanding coverage to key sectors, including, transportation, gaming, leisure, wireless technology and industrials," Rubin said.
