BGC Partners Inc (BGCA.N)
21 Oct 2014
|Market Cap (Mil.):||$1,648.24|
|Shares Outstanding (Mil.):||217.16|
- Interdealer broker BGC Partners Inc went ahead with the formal launch of its hostile $675 million bid for rival GFI Group Inc on Wednesday after talks between the two companies reached a deadlock.
* BGC commences all-cash tender offer of $5.25 a share for GFI
Oct 22 - Interdealer broker BGC Partners Inc plans to launch its $5.25-per-share tender offer for rival GFI Group Inc as early as Wednesday after attempts to strike a deal failed, the Wall Street Journal reported, citing people familiar with the matter.
CHICAGO - GFI Group Inc's board of directors is backing an agreed-upon acquisition offer by exchange-operator CME Group Inc over a hostile takeover bid from BGC Partners Inc , the derivatives broker said on Monday.
LONDON/CHICAGO - Interdealer broker BGC Partners Inc launched a $675 million hostile bid for rival GFI Group Inc on Tuesday, topping an agreed offer from exchange operator CME Group Inc .
* Represents 15 pct premium to July offer from CME Group (New throughout, adds expectations for revised CME bid, stock prices, detail on shareholder lawsuit, adds second byline and CHICAGO dateline)
Sept 9 - Global brokerage company BGC Partners has offered to buy all outstanding shares of rival GFI Group for $5.25 per share in cash, valuing the deal at about $675 million, it said on Tuesday.
Sept 8 - BGC Partners Inc is likely to make a $675 million all-cash unsolicited offer for derivatives broker and rival GFI Group Inc in a bid to bolster its business, the Wall Street Journal reported on Monday citing people familiar with the matter.
* Smith to remain with Tullett as consultant (Recasts, adds context, comments from former colleague, share price)
July 10 - British interdealer broker Tullett Prebon has won $33.3 million in damages from rival BGC Partners over the alleged poaching of staff from its United States-based subsidiaries in 2009.
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