Posts Tagged ‘ Virtu ’

Knight Capital Group Conquered By Getco But Questions Linger

December 19, 2012

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

By ValueWalk Staff

December 18, 2012

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]

By ValueWalk Staff

December 18, 2012

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 Makes Verbal Commitment With Virtu in Knight Capital Bid

By ValueWalk Staff

December 4, 2012

Earlier this morning, it was reported that Cerberus Capital Management would be joining the bidding war for Knight Capital Group Inc. (NYSE:KCG). The latest news indicates that there is a serious offer from Cerberus Capital for the financial services company. Cerberus Capital Management has made a “verbal commitment” with Virtu Financial to join its bid for Knight Capital Group Inc. (NYSE:KCG), according to FOX Business Network (FBN) Senior Correspondent Charlie Gasparino. Gasparino reports that “Cerberus has agreed to add at least...
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Knight Capital And Its Two Suitors Discuss Take Over Possibilities

By DebbieBaratz

November 29, 2012

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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