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Virtu is reportedly making a $3/share all-cash bid for Knight Capital, according to Charlie...

Virtu is reportedly making a $3/share all-cash bid for Knight Capital, according to Charlie Gasparino. On the surface, it's well less than than Getco's $3.50 bid, but Getco's deal is more a merger with part of the value being stock in the combined company - and who knows what that will be worth. KCG +11.5% to $3.31.
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Comments (2)
  • Michael Fuller
    , contributor
    Comments (298) | Send Message
     
    You have the option to sell ALL your shares at 3.50. JEF is financing that with 900 mill cash to Getco. If you don't want new shares, sell at 3.50

     

    But hey, the shorts had to figure out something to tweet to cover lower, and the longs who missed out, needed a Gasparino tweet to buy lower.
    28 Nov 2012, 11:18 AM Reply Like
  • Day Trader001
    , contributor
    Comments (732) | Send Message
     
    Chief Executive Thomas Joyce is pushing for a bid worth $4 a share, Fox Business Network's Charlie Gasparino reported Wednesday.
    28 Nov 2012, 03:05 PM Reply Like
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