RCS Capital to Acquire Cetera Financial Group for $1.15B in Cash

RCS Capital (NYSE: RCAP ) announced today that it has entered into an agreement to acquire Cetera Financial Group ("Cetera"), a leading independent broker-dealer headquartered in El Segundo, CA, from Lightyear Capital for $1.15 billion in cash, subject to certain customary adjustments. Following this transaction, Cetera and its subsidiaries will