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