BGC Partners Inc (BGCA.N)
30 Jan 2015
LONDON, Jan 13 - British interdealer broker Tullett Prebon said on Tuesday it would be paid $100 million by U.S. rival BGC Partners to settle a court case in the United States over the alleged poaching of its staff by BGC.
* Company has today entered into an agreement with BGC under which BGC will pay $100 mln (66 mln) to company to settle litigation in New Jersey Superior Court
(Corrects fifth paragraph to reflect that the GFI brokers told GFI's top executives, not BGC's, they would quit if BGC bought the company.)
NEW YORK - More than 100 employees at the U.S. interdealer broker GFI Group have asked the company to alter their contracts to allow them to leave if a hostile takeover bid by a rival firm succeeds, according to a report on Sunday by the Financial Times.
NEW YORK, Jan 4 - More than 100 employees at the U.S. interdealer broker GFI Group have asked the company to alter their contracts to allow them to leave if a hostile takeover bid by a rival firm succeeds, according to a report on Sunday by the Financial Times.
LONDON - U.S. brokerage BGC Partners has agreed to buy London rival RP Martin, the latest step towards consolidation of an industry under pressure from tough new rules for its traditional banking clients, low volatility and rock-bottom interest rates.
* More deals seen in tough market (Adds details on RP Martin's Libor fine)
LONDON, Dec 15 - U.S. interdealer broker BGC Partners has struck a deal to buy the UK assets of rival RP Martin, BGC Partners said in a statement on Monday.
Dec 2 - Futures market operator CME Group Inc raised its agreed-upon offer for derivatives broker GFI Group Inc to $5.25 per share from $4.55, matching inter-dealer broker BGC Partners Inc's hostile bid for GFI in October.
Oct 31 - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email email@example.com.
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|CBRE Group Inc (CBG.N)||$32.34||-0.65|
|Jones Lang LaSalle Inc (JLL.N)||$147.08||-3.66|
|ICAP plc (IAP.L)||467.60p||-2.50|
|Tullett Prebon Plc (TLPR.L)||334.80p||+6.80|
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