MF Global Is Close To Becoming Penny Stock (Company Considers Selling Itself)

For second day MF Global Stock is tanking bigtime.

MF Global Holdings Ltd. hired investment bank Evercore Partners and at least one other bank to help it determine whether it should sell itself to another company, pursue mergers or other strategic options such as asset sales, according to a person familiar with the matter.

The New York commodities and futures brokerage firm led by former New Jersey Gov. Jon Corzine has been looking to stem a precipitous decline in the firm's shares over the past week following a downgrade of MF Global's debt by credit-rating …
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