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GFI Group Finally Succumbs to BGC Parters, Management Supports Offer

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GFI accepted BGC’s tender offer for all outstanding shares of GFI common stock at $6.10, and is expected to operate as a division of BGC, which will determine six out of eight directors of the expanded Board.
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BGC Expands Asia Offering with Yen Interest Rate Swaps

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The interdealer broker claims the title of being the first to launch a fully electronic platform for the yen IRS market. This follows “strong interest” in Indian Rupee non-deliverable forwards launched in November.
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Breaking: GFI Shareholders Reject Proposal for CME-GFI Management Merger

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Following a tumultuous period that saw the extension of numerous offers, GFI shareholders have rejected a proposal for a CME-GFI management merger, limiting the options on the table. An ongoing bidding war that had its roots as far back as …
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BGC Counters CME’s GFI Offer – Raises the Bar to $6.10

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BGC has raised the stakes for GFI as the battleground between the two trading institutions takes a new turn, with bidding gradually increasing the current offer in excess of six dollars.
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CME Group Calls BGC Partners’ $5.85 a Share Offer for GFI

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A week before the crucial vote of GFI shareholders on a prospective sale of the company, the CME Group matched the latest offer of BGC Partners last week, throwing the ball back to New York City.
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‘Alphabet Battle’ Continues as BGC Extends $5.45 Offer for GFI to Trump the CME

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Despite an approved bid from CME Group for GFI Group, BGC continues with its hostile takeover for GFI Group as they have extended the duration of their $5.45 bid for the interdealer.
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GFI Hasn’t Terminated CME Takeover Deal yet, despite BGC’s Superior $675 MLN Proposal

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Despite getting an over 15% better price for the GFI Shares, the company’s board of directors “has not changed its recommendation with respect to, and continues to support, the pending transaction with CME.”
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BGC Partners Enters into a Tough Bidding War with CME for Acquisition of GFI

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After the CME Group bid $4.55 in an all-shares deal in late July, BGC Partners comes to the table allegedly owning close to 14% of GFI’s float with an all-cash $675 million unsolicited offer.
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FX Revenues at BGC Partners Drop by 5% QoQ, as FX Volumes Rise by 17%

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This being the last quarter affected by the sale of eSpeed to NASDAQ OMX, the company has reported that it is expecting its overall earnings to increase between 39 and 60% in the third quarter of 2014.
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BGC Capital and Thomson Reuters’ OTC Data Partnership Offers 98 FX Pairs

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BGC’s executive managing director & global head of BGC Partners’ Market Data Group, Mark Benfield has detailed some of the aspects of the partnership with Thomson Reuters which BGC entered into last week.
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