Knight Capital (KCG) Confirms Financing Deal to Save Company
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Knight Capital Group, Inc. (NYSE: KCG) confirms financing deal:
On August 6, 2012, the Company entered into a securities purchase agreement, by and among the Company and the investors signatory thereto (the “Investors”) pursuant to which the Investors agreed to purchase an aggregate of $400 million of 2% convertible preferred stock (the “Preferred Stock”) of the Company. The Preferred Stock will be convertible into approximately 267 million shares of common stock of the Company. The Company expects the transaction will be consummated later this morning.
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On August 6, 2012, the Company entered into a securities purchase agreement, by and among the Company and the investors signatory thereto (the “Investors”) pursuant to which the Investors agreed to purchase an aggregate of $400 million of 2% convertible preferred stock (the “Preferred Stock”) of the Company. The Preferred Stock will be convertible into approximately 267 million shares of common stock of the Company. The Company expects the transaction will be consummated later this morning.
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