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What: Shares of financial broker MF Global
So what: Following on the heels of yesterday's disastrous earnings release, reports were swirling today that MF Global hired Evercore Partners
Now what: Generally when a company says that it's going to sell itself, investors get excited about the potential takeover premium and boost the stock. Generally. In the case of MF Global, investors are clearly looking at the potential sale as a white flag that CEO Jon Corzine is waving, conceding that his big-risk appetite is not going to end up turning MF in to the next Goldman Sachs
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