BGC president ups “superior” all-cash offer after extending offer period
US broker BGC Partners has increased its
tender for rival brokerage GFI Group to $5.45 per share in
cash, according to a company filing with the US Securities and
In a letter to the board of directors and
special committee of GFI Group, BGC has submitted a revised
proposal to acquire at the higher price of $5.45 100% of the
GFI common stock, with all terms bar price remaining the same
as when it previously bid $5.25 a share.
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