An out-of-state brokerage’s bid to buy Anderson Strudwick has been called off.
George Nolde
The numbers in the Anderson Strudwick deal
Richmond BizSense has learned more about the Anderson Strudwick sale to Tennessee-based Wunderlich Securities.
Anderson Strudwick sold
Anderson Strudwick will officially lose its independence. After a false start, the locally-based financial services firm will be acquired by a Tennessee-based financial services company. The price tag on the deal has not been released. Anderson Strudwick’s president George Nolde confirmed in a phone message yesterday that shareholders at the company, which was one of Richmond’s last independent brokerages, approved a stock sale this week to Wunderlich Securities.
Sale of Anderson Strudwick on hold
Updated 12:04 p.m. Wunderlich Securities is back at the bargaining table to buy Richmond investment bank/brokerage Anderson Strudwick, likely for a lower price.