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Stock Market & Financial Investment News

News Breaks
December 14, 2012
06:43 EDTGFIGGFI Group upgraded to Outperform from Market Perform at Keefe Bruyette
Price target remains $3.50.
News For GFIG From The Last 14 Days
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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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