Refco Gets $110 Mln Bid for Frozen Currency Accounts

RefcoFX is a unit of Refco Capital Markets Ltd., a Bermuda- based
currency-trading business. The offer for RefcoFX's 15,000 currency
accounts includes cash, the assumption of some customer account liabilities
and the forgiveness of some debt, Refco said in an e-mailed statement.
As part of the deal, Refco will sell its 35 percent stake in Forex Capital
Markets back to the company.

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