Knight Capital Group Inc. (NYSE:KCG): Why The Deal Includes A Hug

by alexoscarew | December 20, 2012 at 06:40 am
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http://newsdoors.blogspot.com/2012/12/knight-capital-group-inc-nysekcg-why.html

Knight Capital Group Inc. (NYSE:KCG): Why The Deal Includes A Huge Conflict of Interest

Jeff Uscher: Chicago-based market maker and high-frequency trader Getco Holding Co. LLC sweetened its bid for distressed market maker Knight Capital Group Inc. (NYSE:KCG) today (Wednesday), winning a takeover battle with rival Virtu Financial Holdings LLC.

According to CNNMoney, Getco will pay to third-party shareholders either $3.75 per share in cash or one share of common stock in a new holding company that will be the actual acquirer of Knight. (Getco already owns a 23.8% stake in Knight).

http://newsdoors.blogspot.com/2012/12/knight-capital-group-inc-nysekcg-why.html

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