Marex Group plc (MRK) to Acquire Winterflood Securities

Marex Group plc (NASDAQ:MRX) is one of the Best Undervalued UK Stocks to Buy According to AnalystsOn July 25, Marex Group plc (NASDAQ:MRX) announced that it has agreed to acquire Winterflood Securities from Close Brothers for £103.9 million in cash.

Winterflood is a major UK equity market maker, serving more than 400 institutional clients and has a 15% share of London Stock Exchange trading by volume. Marex Group plc (NASDAQ:MRX) is paying £15 million more than the company’s value. Management noted that this strategic move will strengthen the company’s UK cash equities business as the company plans to gain new clients and expand its services for asset and wealth management firms. The deal is subject to regulatory approvals and is expected to be completed by early 2026.

Marex Group plc (MRK) to Acquire Winterflood Securities

A close-up of a laptop with a modern user interface for a consumer finance service.

Marex Group plc (NASDAQ:MRX) is an international financial services company that provides essential liquidity, market access and infrastructure services to its clients.

While we acknowledge the potential of MRX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.