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April 10, 2019  

Tourmaline in Talks With Suitors

Outsourced-trading shop Tourmaline Partners is seeking to sell part or all of its business.The Stamford, Conn., firm has been circulating a book describing its business for a few months. Sources said the idea may be to finance a capital-intensive expansion — a project that would be too small and risky to fund through traditional bank debt.To that end, an undisclosed private equity firm apparently has emerged as Tourmaline’s top suitor. While...

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