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After acquiring and merging with two firms - Halsey, Stuart & Co., Inc. and Shields Model Roland Inc. - in the 1970s, in the late 1970s the Bache firm experienced financial difficulties. The Bache Group, Inc. was acquired by Prudential Insurance Company of America in 1981. The following year, the Bache securities firm was renamed Prudential-Bache Securities, and in 1991 the Bache

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