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Posts Tagged ‘ Getco ’

Knight Capital Group Conquered By Getco But Questions Linger

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December 19, 2012
TEST6Knight Capital Group

Knight Capital Group Inc. (NYSE:KCG) has agreed to be acquired by Getco following a highly-publicized bidding war between high frequency trading firms Getco LLC and Virtu LLC. The Wall Street Journal is reporting that Getco will pay $3.75 per share in cash for around two-thirds of the outstanding shares of Knight not currently owned by Getco, with the remaining Knight Capital Group Inc. (NYSE:KCG) shares converted into equity in a combined publicly-traded Knight/Getco entity. According to the initial offer terms, Getco...
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Knight Capital Group Wanted $4B, But Settles With Getco For $2B

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December 18, 2012
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Knight Capital Group Inc. (NYSE:KCG) has agreed to sell itself to Getco, as we reported earlier this evening. For the past several weeks, there had been a large bidding war betwen Vurtu and Getco over who would win control of the company. We now have more information on the details behind Knight Capital Group Inc. (NYSE:KCG)’s decision. Getco is the likely winner of the bidding war for Knight Capital, according to FOX Business Network (FBN) Senior Correspondent Charlie...
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Knight Capital Group To Be Bought Out By Getco [UPDATED]

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December 18, 2012
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Knight Capital Group Inc. (NYSE:KCG) is being bought out by  Getco, according to a report from both Reuters and Bloomberg. Stephanie Ruhle, of Bloomberg MarketMakers has some of the latest information. GETCO GONNA WIN KNIGHT DEAL!insiders giving the wink – official deal announced tomorrow morning – watch us on @lboombergtv w/dets in the AM — Stephanie Ruhle (@SRuhle) December 18, 2012 tlaking to KNight employees- bummed the deal is going to be cash/stock…they want the...
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Cerberus Capital Management In Talks With Knight Capital Group

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December 4, 2012
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Cerberus Capital Management LP is currently in talks to join Virtu Financials’ bid for Knight Capital Group Inc. (NYSE:KCG). According to the journal, Sources familiar with the matter reveal that the talks are indeed in progress, despite the lack of a conclusive agreement. Cerberus’ involvement in Virtu’s bid will add another deep-pocketed investor to a growing list of investors like Credit Suisse Group AG (NYSE:CS) and Silver Lake Partners. Although there are many firms...
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Knight Capital And Its Two Suitors Discuss Take Over Possibilities

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November 29, 2012
TEST6Knight Capital Group logo

Knight Capital Group Inc. (NYSE:KCG) has two rival suitors making take over offers for it with values as high as $1.8 billion. On Wednesday, Chicago-based Getco LLC and New York’s Virtu Financial LLC gave bids to Knight’s board of directors for the struggling company. It may have a decision by year’s end, reported the Wall Street Journal, but Getco nudged the process along after sharing its bid publicly in a letter and asking the...
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Knight Capital Group Inc. (KCG)’s CEO ‘Hates’ Getco: Report

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November 28, 2012
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Knight Capital Group Inc. (NYSE:KCG) is reportedly considering a takeover by Getco, or possibly another bidder, as we reported earlier. We noted that Fox Business Network  reported that Knight Capital Group Inc. (NYSE:KCG) is seeking a white knight to avoid being taken over by either Virtu or Getco. Below are the latest highlights from Fox Business Network’s Charlie Gasparino. –people close to Joyce tell Fox Business his move to “shop” the firm yesterday was an attempt to get...
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Getco Offers $3.50 A Share For Knight; Shares Jump Above Offer Price

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November 28, 2012
TEST6Knight Capital

In what could turn out to be a bidding war, Getco LLC proposed to acquire Knight Capital Group Inc. (NYSE:KCG) at $3.50 per share, according to a filing. Getco chief executive Daniel Coleman said in a letter to Knight’s chairman Thomas Joyce that Getco wants to acquire the company. Knight Capital Group Inc. (NYSE:KCG) shareholders will get both retained equity and cash in the new company. Getco already owns 24 percent of Knight, and  has...
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Knight Capital’s Stock Jumps With Capital Infusion From New Investors

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August 7, 2012
TEST6Knight Capital

The shares of Knight Capital jumped 3.6 percent to $3.18 per share during the opening of trading on Tuesday after striking a $400 million rescue deal with a group of new investors, including the Jefferies Group (NYSE:JEF), Stifel Financial Corp. (NYSE:SF), Blackstone Group LP, Nicolaus and Company, Getco, and TD Ameritrade Holding Corp. (NYSE:AMTD). On Thursday last week, the company’s stock value dropped 63% to $2.58 per share. The company lost $440 million due...
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