Seeking Alpha

High-speed trader Getco has a deal in principle to acquire Knight Capital Group (KCG), which is...

High-speed trader Getco has a deal in principle to acquire Knight Capital Group (KCG), which is up 5.4% AH, Reuters reports. Updated 6:11 p.m.: Getco and P-E firm General Atlantic raised its offer to over $3.60 in cash and stock to beat Virtu Financial's all-cash offer; KCG now up 3.9% to $3.46 AH.
Comments (6)
  • Joelrocque
    , contributor
    Comments (2) | Send Message
     
    Should we sell all our remaining shares? What type of takeover is this?
    18 Dec 2012, 06:16 PM Reply Like
  • Joelrocque
    , contributor
    Comments (2) | Send Message
     
    Should we sell?!
    18 Dec 2012, 06:17 PM Reply Like
  • minecanary
    , contributor
    Comments (448) | Send Message
     
    Yup, before the algo goes nuts again
    18 Dec 2012, 07:01 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    Wish I had bought more shares. :(

     

    Oh well, a profit is a profit. ;)
    18 Dec 2012, 09:52 PM Reply Like
  • cheznazi
    , contributor
    Comments (124) | Send Message
     
    That's what I was wondering too. If Getco acquires and goes public then I would really like to hold on to my shares.
    18 Dec 2012, 09:58 PM Reply Like
  • phemale60
    , contributor
    Comments (2814) | Send Message
     
    Wouldn't KCG soar if acquired? I thought that was how it works!
    18 Dec 2012, 10:55 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|