Knight Capital (KCG) Traders Create Exit Plans on Deal...or No Deal - FBN Gasparino
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Knight Capital (KCG) Board to Meet at 3pm w/ Possible Decision Today - FBN Gasparino
December 18, 2012 1:46 PM ESTFox Business Network correspondent Charles Gasparino is out with more data on Knight Capital (NYSE: KCG) this afternoon.
According to his Twitter account, Gasparino said investors are banking on Getco's bid winning... More
Knight Capital (KCG) Decision on Sale Expected This Week
December 18, 2012 9:50 AM ESTKnight Capital (NYSE: KCG) is on the upswing Tuesday amid news that it might be close to a merger agreement.
According to Bloomberg, Knight's board is meeting again to weigh recent proposals from Virtu and Getco, with a decision possibly to... More
Knight (KCG) Board Mulls Proposals from GETCO, Virtu; Plans Another Meeting
November 30, 2012 3:45 PM ESTKnight Capital (NYSE: KCG) is planning to hold a Board meeting on December 3rd to assess takeover offers recently received from Vitru and GETCO, Bloomberg reports today. It would be the second meeting this week.
The Board has already reviewed bids submitted on October 28th, but hasn't... More
Knight Capital (KCG) Postpones Analyst, Investor Meeting
November 28, 2012 8:26 AM ESTKnight Capital Group, Inc. (NYSE:... More
GETCO Offers to Buy Rest of Knight Capital (KCG) for $3.50/Share
November 28, 2012 8:24 AM ESTGETCO Strategic Investments, LLC, a large holder of Knight Capital Group (NYSE: KCG) stock, sent the following letter to Knight's Board today:
November 28, 2012
Board of Directors of Knight Capital Group, Inc.
c/o Thomas M. Joyce
Chairman and Chief Executive Officer
Knight Capital Group, Inc.
545 Washington Boulevard
Jersey City, New Jersey 07310
Dear Members of the Board:
On behalf of GETCO Holding Company, LLC (GETCO), I am pleased to submit this proposal for a business combination (Merger) between GETCO and Knight Capital Group, Inc. (Knight). The specific terms of our proposal described below have been unanimously approved by GETCOs Board of Directors. I am convinced that this Merger would unlock tremendous value for the shareholders of both firms while establishing a global leader in market-making and agency execution.
As significant as its near-term financial benefits are, this Mergers long-term strategic rationale is equally compelling. Underpinned by Knights customer franchise, GETCOs industry-leading technology and an unmatched reservoir of talent and capital, the combined company would be a leader in market-making and agency execution across geographies, market structures, and asset classes. The combined companys scale, footprint, and capability set would be a magnet to customers, talented traders and technologists, which is especially important in an environment of lower trading volumes and higher regulatory engagement.
The proposed Merger values Knights common shares at a price of $3.50 per share a 41% premium to... More
