CHICAGO, Jan 30 (Reuters) - GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc, the companies said, opening the door for a hostile bid from rival BGC Partners.
CHICAGO, Jan 30 (Reuters) - GFI Group Inc shareholders on Friday rejected a proposed takeover by CME Group Inc, forcing the companies to terminate a merger agreement, according to the companies.
Now that the CME Group- GFI Group management deal has been terminated ..... tender offer conditions can be fulfilled. GFI Group shareholders have until Feb. 3 to tender ..... BGC’s tender offer can’t be met, GFI Group shares would likely be in for a significant
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If BGC Partners wins the bidding war for GFI Group, BGC's shareholders are likely to be in for choppy ride regardless of whether GFI Group ends up working out well. BGC Partners ..... tender offer to $6.10 per share. If GFI Group executes an agreement today with BGC
While the CME Group- GFI Group management consortium or BGC Partners may be able to extract value from acquiring GFI Group, we believe that whoever is the seller ..... adjusted return prospects. CME and the GFI Group management consortium increased their
Partners’ topping a CME Group offer for GFI Group that was announced earlier today leaves ..... instead of realism, may be reflected in GFI Group’s acquisition price. BGC delivered ..... updated, contingent tender offer agreement to GFI Group of $5.85 per share and updated its
We see CME Group's raised bid for GFI Group as reasonable, and we wouldn't ..... walking away as negative. CME Group and GFI Group's management team have increased their acquisition price for GFI Group to $5.60 per share from $5.25
estimate for the company. BGC Partners sent a letter to GFI Group saying that it will increase its tender offer price for GFI Group shares to $5.60 from $5.45, primarily contingent on GFI Group’s board changing its acquisition recommendation
extended the deadline of its tender offer for GFI Group shares to Jan. 27, despite a Financial Times report that more than 100 senior GFI employees have asked that an exit clause ..... have given BGC about 30.5% ownership of GFI after including the 17.1 million shares