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BGC extends tender for GFI Group

Nov. 20, 2014 11:59 AM ETGFI Group Inc. (GFIG) StockBy: Stephen Alpher, SA News Editor2 Comments
  • As of November 19, just 23.2M shares of GFI Group (NYSE:GFIG +1.2%) were tendered, which along with 17.1M shares already owned by BGC Partners (BGCP -0.9%) makes up just shy of 32% of the company.
  • BGC extends its tender offer for $5.25 per share in cash until the end of business on December 9.
  • The GFI board continues to favor CME Group's $4.55 cash and stock offer.
  • Source: Press release

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