CEO Lutnick has urged “passive” GFI shareholders to back BGC offer
US inter-dealer broker BGC Partners has
extended the deadline for its fully-financed, all-cash tender
offer to acquire GFI Group to February 19 2015.
BGC has extended its offer of $6.10 per
share for all of the outstanding shares in GFI, buoyed by the
Tuesday vote by GFI shareholders which missed its 45% target by
As of 17:00 ET on February 3, 2015,
approximately 37.9 million shares were tendered pursuant to the
offer, said BGC. The 37.9 million tendered shares, together
with the 17.1 million shares of GFI common stock already owned
by BGC, represent approximately 43.3% of GFI's outstanding
shares, or approximately 70% of shares not owned by GFI
executives or directors.
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