BGC Partners sees Q2 results around mid-point of prior guidance BGC Partners updated its outlook for Q2, stating that it expects its financial results for the quarter ending June 30 to be around the mid-point of the range of its previously stated guidance for revenues and earnings. The company expected to generate distributable earnings revenues $420M-$440M , consensus $433.73M. BGC anticipated pre-tax distributable earnings to be between approximately $47M-$55M.
BGC 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.