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GETCO Offers to Buy Rest of Knight Capital (KCG) for $3.50/Share

November 28, 2012 8:24 AM EST

GETCO 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... More