Knight to get all cash offer of 'at least $3 a share' from Virtu, Gasparino says According to twitter postings from Fox Business' Charles Gasparino, Virtu will present Knight Capital (KCG) with an offer of "at least $3 a share" and is expected to file its official bid tomorrow. Gasparino cites sources, and adds that Virtu will argue its offer is superior to the one made by Getco on the basis of "real" Getco value depending on the value of the combined company. Reference Link
News For KCG From The Last 14 Days
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KCG Holdings completes sale of Urban Financial for about $80M As a result of the transaction, roughly $6.1B of assets and corresponding liabilities related to Urban's securitization activities will be removed from KCG's balance sheet.