- BGC Partners (NASDAQ:BGCP) has increased its takeover offer for rival interdealer broker GFI Group (NYSE:GFIG) by 3.8%, raising its bid to $5.45 per share.
- BGC’s chairman and chief executive officer, Howard Lutnick, is looking to consolidate the shrinking interdealer brokerage business by topping CME Group’s (NASDAQ:CME) takeover bid for GFI.
- CME matched BGC’s previous $5.25 per share offer on Dec. 2.
- Previously: BGC Partners extends GFI tender for another month (Dec. 09 2014)
- Previously: CME boosts offer for GFI Group (Dec. 03 2014)
GFI bidding war heats up
Recommended For You
About BGC Stock
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| BGC | - | - |
| BGC Group, Inc. | ||