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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:12 EDTBGCPBGC 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.
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September 18, 2014
07:33 EDTBGCPUBS to hold a conference
FinTech Conference to be held in New York on September 18.
September 15, 2014
09:29 EDTBGCPGFI Group responds to unsoliciated acquisition proposal from BGC Partners
GFI Group (GFIG) has received an unsolicited proposal from BGC Partners (BGCP) to acquire all the shares of common stock of the company for $5.25 per share in cash. The board of the company, upon the recommendation of its special committee, has determined in good faith, after consultation with outside legal counsel and independent financial advisors, that the Proposal could reasonably be expected to lead to a "Superior Proposal" as defined in the existing merger agreement with CME Group (CME). That determination allows the company to provide information to and conduct discussions and negotiations with BGC subject to the execution of a confidentiality agreement, but does not allow the company to terminate its agreement with CME or enter into any other agreement with BGC. The company's board of directors has not changed its recommendation with respect to, and continues to support, the pending transaction with CME.
September 9, 2014
16:23 EDTBGCPOn The Fly: Closing Wrap
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05:39 EDTBGCPBGC intends to commence cash tender offer for GFI Group for $5.25 per share
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