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Stock Market & Financial Investment News

News Breaks
February 14, 2013
08:18 EDTBGCPBGC Partners reports Q4 EPS 10c, consensus 12c
Reports Q4 revenue $436.3, consensus $430.94M.
News For BGCP From The Last 14 Days
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November 20, 2014
17:09 EDTBGCPBGC Partners files to sell 20M shares of Class A Common Stock
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08:56 EDTBGCPBGC Partners extends tender offer to acquire GFI Group
BGC Partners (BGCP) announced that it has extended the expiration date of its tender offer to acquire all of the outstanding shares of GFI Group (GFIG) it does not currently own for $5.25 per share in cash. The tender offer is now scheduled to expire at 5:00 pm New York City time on December 9, unless extended.
November 19, 2014
12:12 EDTBGCPBGC Partners resolves matters with FCA
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November 12, 2014
16:41 EDTBGCPBGC Partners issues letter to GFI Group holders
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November 6, 2014
08:22 EDTBGCPBGC Partners reaffirms commitment to proposed GFI Group buyout
BGC Partners (BGCP) responded to the recommendation by the board of GFI Group (GFIG) to reject BGC's $5.25 per share all-cash tender offer. BGC, which currently owns approximately 13.5% of GFI's outstanding shares, reaffirmed its commitment to completing its transaction. BGC said, "Ultimately, GFI shareholders must choose between BGC's higher offer and an inferior transaction involving serious conflicts of interest. Our proposed transaction is extremely attractive from a strategic standpoint, offers GFI shareholders a premium of 70 cents per share, or 15%, compared to the CME transaction, and will greatly benefit GFI's customers and brokers. Our offer gives GFI shareholders better value for their investment, and we urge them to seize that opportunity by tendering their shares now."

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