National Holdings Corporation (NHLD.OB) and vFinance, Inc (VFIN) Agree to Merge
National Holdings Corporation (NHLD.OB) and vFinance, Inc. (VFIN.OB), both leading investment banking companies, announced that they have entered into a definitive agreement to merge. As a result of this merger, National Holdings will issue shares of common stock in National for all outstanding vFinance common shares. For each share of vFinance stock owned, the vFinance shareholders will receive 0.14 shares in National, representing approximately 40% of National Holdings outstanding shares. Leonard Sokolow, Chairman and CEO of vFinance, stated "Combined we will be one of the largest publicly traded financial service firms targeting the middle market with an independent contractor model…