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Stock Market & Financial Investment News

News Breaks
January 16, 2013
05:26 EDTBGCPBGC France Holdings acquires Ginalfi Finance, terms not disclosed
BGC France Holdings, a subsidiary of BGC Partners announced that it has acquired Ginalfi Finance, an interdealer broker based in Paris. Financial terms were not disclosed.
News For BGCP From The Last 14 Days
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December 19, 2014
14:08 EDTBGCPBGC Partners raises all-cash offer to acquire GFI Group to $5.45 per share
BGC Partners (BGCP) announced that it has increased its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group (GFIG) to $5.45 per share. The tender offer is scheduled to expire at 5:00 pm New York City time on January 6, 2015, unless extended. As previously disclosed, the company has also reduced the minimum tender condition to 45% of the outstanding shares of GFI common stock, inclusive of the approximately 13.4% of GFI shares that BGC currently owns. BGC's offer had previously required that at least 50% of GFI's outstanding shares on a fully diluted basis be tendered. The conditions regarding control of GFI's board remain part of the tender offer. BGC's revised offer of $5.45 per share represents a premium of 20c, or approximately 4%, to the $5.25 per share stock and cash transaction announced by CME Group (CME) and GFI on December 2, and a premium of more than 75% to the price of GFI shares on July 29, the last day prior to the announcement of the original CME transaction. BGC believes that its $5.45 all-cash offer is clearly superior to the $5.25 stock and cash offered under the CME transaction and urges GFI shareholders to tender their shares.
14:06 EDTBGCPBGC Partners raises all-cash offer to acquire GFI Group to $5.45 per share
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December 18, 2014
16:09 EDTBGCPBGC Partners sees Q4 revenues for distributable earnings near high end of view
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December 15, 2014
05:29 EDTBGCPBGC Partners agrees to acquire assets, subsidiaries of RP Martin
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December 9, 2014
14:20 EDTBGCPBGC Partners extends tender offer to acquire GFI Group
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