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Stock Market & Financial Investment News

News Breaks
December 7, 2012
16:32 EDTGFIGGFI Group announces accelerated Q4 dividend of 5c per share
GFI Group announced that the company's Board of Directors has declared an accelerated fourth quarter dividend of 5c per common share. The accelerated dividend will be payable on December 27 to shareholders of record as of the close of business on December 17. This accelerated dividend is intended by the Board to be in lieu of the quarterly dividend the company would have otherwise announced when it issued its fourth quarter and full year earnings in the first quarter of 2013 and that would have been paid in 2013.
News For GFIG From The Last 14 Days
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December 19, 2014
14:08 EDTGFIGBGC 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 EDTGFIGBGC Partners raises all-cash offer to acquire GFI Group to $5.45 per share
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December 9, 2014
14:20 EDTGFIGBGC Partners extends tender offer to acquire GFI Group
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