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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.
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September 15, 2014
09:29 EDTGFIGGFI 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 EDTGFIGOn The Fly: Closing Wrap
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05:39 EDTGFIGBGC intends to commence cash tender offer for GFI Group for $5.25 per share
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