Telekurs Sells No. American Division In Mgmt. Buyout


In an attempt to divest itself of a unit it no longer considered part of its core business, Zurich-based Telekurs A.G. has sold its Telekurs (North America) division to Zilkha & Co. -- a New York-based private investment firm that joined forces with a Telekurs (N.A.) management team to execute the buyout. The agreement, which was in large part strung together by Telekurs (N.A.) president Ken Marlin, is expected to be finalized by the end of this month. Among other things, the deal will give

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