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To bolster its market-making capabilities, Goldman Sachs Group Inc. announced on Monday its intention to acquire Spear Leeds & Kellogg LP for $6.5 billion, to be paid in a combination of cash and stock. The agreement involves the issuance of $4.4 billion worth of Goldman Sachs common stock (equivalent to 34 million shares) and a cash payment.
Sunday, 10 September, 2000