Summit Capital

Summit Objects to LaBranche & Co Merger

March 28, 2011 Mr. George M. L. LaBranche, IV Chairman, CEO and President 33 Whitehall Street New York, NY 10004   Dear Michael: Summit Capital, its funds, and separately managed accounts are substantial and long term oriented shareholders of LaBranche, currently owning 2,787,300 shares, or approximately 6.8% of the company. Our investment in LaBranche was…

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