Tag Archives: bgc
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.”
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.
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.
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.