MKM Partners Agrees to Be Acquired by Kazakhstani Brokerage (1)

MKM Partners, the Wall Street boutique known for equities research and trading, signed an agreement to be acquired by Kazakhstani brokerage Freedom Holding Corp.

Freedom, based in Almaty, will acquire all the member interest of Stamford, Connecticut-based MKM for cash and Freedom common stock, with the deal subject to certain conditions including Financial Industry Regulatory Authority approval, the companies said in a statement Friday, confirming an earlier Bloomberg News report.

The transaction, designed to bolster Freedom’s U.S. footprint, is set to value MKM at about $50 million, and includes a three-year retention plan for certain key staff, according ...