Intervention comes hours after CME/GFI matched BGC's offer of $5.60
BGC Partners, the US
interdealer broker, has increased its all-cash offer for rivals
GFI Group to $5.85 per share in the latest twist in the ongoing
bidding war with CME and GFI management over the ownership of
In a statement released
late on January 15, BGC said the $5.85 offer is contingent on
GFI counter signing an execution agreement recognising the BGC
bid as superior.
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