BGC's offer for GFI Group shares is set to expire on Tuesday at 5pm ET
chairman and chief executive of US broker BGC, has urged GFI
shareholders to dismiss the GFI board’s "odd
announcement" that it is exploring strategic alternatives and
instead tender their shares to BGC’s offer just
hours before it runs out.
BGC’s $6.10 offer represents the "highest price
offered for GFI and the only proposal that remains actionable
by GFI shareholders".
He points out that the
GFI board has been: "Exploring 'strategic’
alternatives for the company for a year and a half, and decided
based on this exploration that the now defunct $4.55 per share
was the price that GFI shareholders should have
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