It looks like interdealer broker BGC Partners finally has its bid for rival brokerage GFI Group sewn up, with GFI’s board agreeing Friday morning to fully support BGC’s takeover bid. After reaching the deal with GFI Group’s board, BGC officials are extending its $6.10-per-share tender offer to Feb. 26, from its previous deadline of Feb…. Read More >>
BGC Offers GFI Stockholders $6.10 per Share
Interdealer broker BGC Partners has upped the ante yet again in its quest to acquire rival GFI Group, raising its all-cash tender offer to $6.10 per GFI share and offering an additional ten cents per share on top of that if GFI’s management countersigns the BGC offer by 11:59 pm on Tuesday, Jan. 20. The… Read More >>
CME Group Sweetens Bid for GFI
Derivatives market operator CME Group has revised its months-old bid to purchase interdealer broker GFI Group, raising its offered price on GFI shares to $5.25 a share from $4.55, in effect matching an earlier offer for GFI by rival interdealer broker BGC Partners. CME Group first revealed its $4.55 per share offer in July, which… Read More >>
BGC Bid for GFI Challenges CME’s Offer
Interdealer broker BGC Partners wants to acquire rival GFI Group via a direct appeal to shareholders that could undo the CME Group’s two-step bid for GFI Group, announced in July. In addition to intermediary brokerage services, GFI offers trading technology and support services for over-the-counter and listed markets. The businesses for these services are playing… Read More >>
