- As of the end of business yesterday, about 54.6M shares had been tendered. Together with the 17.1M shares already owned by BGC Partners (NASDAQ:BGCP), it represents about 56.3% of all GFIG shares.
- BGC expects to issue $6.10 per share payment on March 3.
- GFI Group will from then be a controlled company and operate as a division of BGC, reporting to BGC President Shaun Lynn, The current GFI executive chairman and the current CEO will remain in their roles.
- Source: Press Release
BGC successfully completes tender for GFI Group
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