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Knight Capital (KCG +59%) has reportedly drawn initial interest from KKR, TPG Capital, Silver...

Knight Capital (KCG +59%) has reportedly drawn initial interest from KKR, TPG Capital, Silver Lake, and Bank of America among others, as it opens its books in a bid to survive.
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Comments (2)
  • pocohonta
    , contributor
    Comments (585) | Send Message
     
    watch out for a gap up in KCG on Monday morning if they can seal a rescue deal or even a temporary finance.
    4 Aug 2012, 06:53 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2932) | Send Message
     
    reports are that they'll do a $400 million convert with a conversion price of $1.50. that would reduce book value to about $4.20. not a calamity.
    5 Aug 2012, 09:01 PM Reply Like
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