Knight Capital (KCG) confirms (8-K) a group of investors have agreed to provide it financing to...

|About: KCG Holdings, Inc. (KCG)|By:, SA News Editor

Knight Capital (KCG) confirms (8-K) a group of investors have agreed to provide it financing to the tune of $400M 2% preferreds convertible into 267M shares (98.2M currently outstanding), meaning a conversion price of $1.50. Shares -38% premarket to $2.52. (earlier)