GFI shareholders killed CME's takeover in January but there could yet be more twists and turns in this protracted drama
This week could see the final act in the
protracted battle to buy GFI Group as its rival BGC Partners'
to acquire the necessary proportion of GFI shares runs out on
At the time of writing, the future of GFI
hangs in the balance with BGC needing only another 1.7% of
votes after failing by that tiny margin in its first bid to win
over shareholders with 45% of GFI shares on February 3.
BGC is a decent bet with only that small
step still needed but speculation has also centred in recent
weeks on what could be the next move for the CME Group, the US
exchange that spent recent months locked in a bidding war with
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