Seeking Alpha

Cerberus is reportedly in negotiations to join Virtu's attempt to acquire brokerage Knight...

Cerberus is reportedly in negotiations to join Virtu's attempt to acquire brokerage Knight Capital (KCG) in a deal valued at $1.5-1.6B including debt. Virtu is also in talks with Silver Lake, Credit Suisse (CS) and other banks about financing for the bid. Meanwhile, Jefferies Group (JEF) will provide $950M to help fund Getco's rival offer for Knight in a deal worth $1.4-1.8B including debt.
From other sites
Comments (2)
  • gtc0214
    , contributor
    Comments (2) | Send Message
     
    Just do it already!!!
    4 Dec 2012, 06:16 AM Reply Like
  • mikeblack
    , contributor
    Comment (1) | Send Message
     
    whatever happens there is way too much talent at KNIGHT so the price should be around 7bux a share. thats a fact
    4 Dec 2012, 07:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs