Knight Capital Group (KCG) at Days' High As More Bet Company Can Navigate Through Disaster
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Knight Capital Group, Inc. (NYSE: KCG) is continuing to rally, as speculators make bets the company will survive either through a sale or capital raise.
According to reports from Fox Business Network's Charlie Gasparino, the company is considering a new issuance of convertible bonds. The offering will be highly dilutive for current shareholders but could preserve equity value and help persuade a buyer to step in.
KCG last traded at $3.44, up 33 percent.
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According to reports from Fox Business Network's Charlie Gasparino, the company is considering a new issuance of convertible bonds. The offering will be highly dilutive for current shareholders but could preserve equity value and help persuade a buyer to step in.
KCG last traded at $3.44, up 33 percent.
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