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"It allows us an even larger foundation to build our company for three, five, seven years with a robust capital base, extremely smart investors as our partners, and do it in a tax-efficient manner," said Richard B. Handler, the chief executive of Jefferies.
The firm rallied after Chief Executive Ken Lewis said the firm has a robust capital base, even as the recovery remains fragile.
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"BGC's strong capital base, robust technology and deep commitment to its brokers provides Grubb & Ellis with scale along with the resources needed by our professionals to deliver exceptional service to our clients," Thomas P. D'Arcy, chief executive of Grubb & Ellis, said in a statement announcing the sale.
"I would not look for robust capital gains".
Our economy depends on our robust capital markets.
True, some large banks have regained their footing, thanks largely to robust capital markets.
It may be that we have the most robust capital markets, and this is primary attraction.
The statistics suggested that there was still robust capital spending in the economy.
He said the tax provision would allow the company to carry out a "a robust capital spending plan".
The rapid growth began to overwhelm Aremissoft's capital base.
Robust capital expenditures in 2005 will likely to lead to "uninspiring" sales and margins in 2006, the firm added.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com