A Xerox unit acquired Furman Seltz Holding Corp.
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Xerox Financial Services, Stamford, Conn., acquired the NewYork-based, privately held brokerage firm for $110 million. Furman has annual revenue of about $75 million and employs about 200 people. It is involved in institutional research and brokerage, investment banking, corporate finance, merchant banking and investment management and serves as a distributor for more than $2.5 billion in mutual funds.
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