tender offer is still on the table for GFI Group shareholders, so there’s still a ..... estimate or moat ratings for BGC Partners, GFI Group , or CME Group at this time. Additional ..... over 13%, would have had 31.7% of GFI Group ’s outstanding shares if it had accepted
We believe CME Group's lack of a response to BGC Partners' tender offer for GFI Group has been partially validated. GFI's board of directors announced that it unanimously determined to reject BGC's $5.25 per
is being created for stockholders. Revenue growth for 2015 should look great with Cornish & Carey adding around 6%, and a GFI Group merger could increase revenue nearly 40%. That said, BGC Partners needs to translate its revenue growth into earnings per
relative to this year's results. Although we believe CME has the ability to sweeten its $4.55-per-share offer for GFI Group , we don’t think the company is likely to overstretch itself to beat BGC Partners' rival $5.25-per-share offer
While GFI Group has an acquisition and a tender offer on ..... maintaining our fair value estimate for no-moat GFI Group , which assumes that it is acquired by either BGC Partners or CME Group. GFI Group ’s flat results are actually a positive
s $5.25 all-cash tender offer for GFI Group shares as a win-win situation for ..... its prior $4.55 per share offer for GFI Group , CME’s management would have to be ..... positive whether it ultimately acquires GFI Group or not. If an acquisition occurs
Oct 22 (Reuters) - Interdealer broker BGC Partners Inc plans to launch its $5.25-per-share tender offer for rival GFI Group Inc as early as Wednesday after attempts to strike a deal failed, the Wall Street Journal reported, citing people familiar with the matter.
the voice business and 6% decline in electronic markets. While outside ICAP's control, we continue to see the sale of GFI Group to CME Group or BGC Partners as a positive for the inter-dealer broker industry. We believe consolidation in the industry
25 per share tender offer for GFI Group GFIG shares. This offer is 15% above ..... tendered for it to own a majority of GFI Group when added to its existing 13 ..... ownership interest. With the change in GFI Group 's management, large influx of
* Represents 15 pct premium to July offer from CME Group (New throughout, adds expectations for revised CME bid, stock prices, detail on shareholder lawsuit, adds second byline and CHICAGO...