Broker secured 56% of outstanding GFI shares by offer's expiration Thursday
BGC Partners, the US
interdealer broker (IDB), has completed its tender offer for
rival GFI Group, marking the first major consolidation in the
The broker said it had
secured 56% of outstanding GFI shares by offer's expiration on
Thursday, and added that shareholders would receive payment on
Jersey Partners - GFI's largest shareholder -and other GFI
management shareholdings that had entered into a support
agreement with CME Group will have to wait for that deal to
expire in January next year before receiving their $6.10 per
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.