BGC's offer in contingent on determination of superiority by the GFI board
BGC, the US interdealer
broker, has increased its bid for GFI to $5.60 per share and
again urged GFI shareholders to vote against the $5.25 CME-GFI
management offer at the January 27 shareholder
The offer is contingent
on determination of superiority by the GFI "special
committee’ and board. BGC said it delivered an
execution agreement to GFI and promised it will increase its
all-cash offer for the remaining outstanding shares
provided the GFI board countersign.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.