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KCG Holdings, Inc. (KCG)

  • Jan. 1, 2013, 6:55 AM
    Knight Capital (KCG) shareholder Ann Jimenez McMillan has sued the firm over its $1.4B sale to Getco, saying that the $3.75-a-share price is "unfair and grossly inadequate." McMillan is seeking to stop the deal on its current terms, class-action status, and unspecified damages.
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  • Dec. 27, 2012, 7:15 AM
    Getco's $1.4B bid for Knight Capital (KCG) gets a key backer with the support of TD Ameritrade (AMTD) - a 7% owner of Knight. Combined with Jefferies' previously announced support and Getco's own shares, this brings to 45% the ratio of Knight's shares in favor of the deal. Blackstone - a 15.6% owner - also looks likely to back the sale.
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  • Dec. 19, 2012, 9:10 AM
    Premarket gainers: PTNR +11%. GM +9%. KCG +8%. RMCF +6%. NBG +6%. VRNG +6%. MLNX +5%
    Losers: ONTY -61%. PLXT -18%. NAV -6%. CYS -6%.
  • Dec. 19, 2012, 8:05 AM
    As expected, Getco beats rival Virtu in the race to buy Knight Capital (KCG) after agreeing a deal valued at $1.4B in cash and stock. Knight shareholders will have the right to receive $3.75/share in cash or one share of common stock of a new holding company. Knight shares +6.3% to $3.54. (PR)
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  • Dec. 18, 2012, 5:59 PM
    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.
  • Dec. 13, 2012, 5:50 AM
    Knight Capital Group (KCG) reportedly expects to receive final acquisition bids by the end of this week and to decide its future, which could include remaining independent, next week. High-speed trading firms Getco and Virtu Financial are the two suitors vying for Knight with offers of up to $1.8B. (previous)
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  • Dec. 4, 2012, 5:43 AM
    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.
  • Nov. 28, 2012, 12:45 PM
    Midday top 10 gainers: VRML +34%. SHS +32%. GMCR +24%. SPMD +18%. TROV +17%. GPOR +16%. IDIX +15%. TSL +15%. KCG +14%. AXR +12%.
    Midday top 10 Losers: UTI -24%. CLUB -21%. CFNB -16%. GENE -15%. TFM -14%. CBAK -13%. SBGI -12%. DWCH -13%. NFEC -11%. CAP -9%.
  • Nov. 28, 2012, 11:02 AM
    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.
  • Nov. 28, 2012, 9:10 AM
    Premarket gainers: GMCR +20%. KCG +19%. EXPR +11%. AEO +6%. PPHM +5%. Losers: TFM -15%. GWRE -13%. NBG -10%.
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  • Nov. 28, 2012, 8:23 AM
    Knight Capital receives an offer of $3.50/share from Getco. KCG +13.8% premarket to $3.40. Will Virtu be heard from? (13D)
  • Nov. 28, 2012, 2:26 AM
    High-speed trading firm Virtu Financial has reportedly taken the lead against rival Getco in the race to acquire Knight Capital (KCG). Any deal is expected to value the brokerage firm at over $1B, well above its market cap of 540.2M. Virtu is preparing an all-cash offer that would be a prelude to an IPO, while Getco's bid would comprise cash and shares as part of a reverse merger that would give the company a public listing.
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  • Nov. 26, 2012, 9:10 AM
    Premarket gainers: HOGS +16%. KCG +15%. MBI +8%. JRCC +8%.
    Losers: GNRC -6%. BCS -5%.
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  • Nov. 26, 2012, 9:00 AM
    Knight Capital (KCG) surges 11.2% premarket following a weekend report it may sell its market-making operations. The unit - the market leader in ETF trading - remains profitable despite the big loss in August on a technical glitch.
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  • Nov. 25, 2012, 3:15 AM
    Knight Capital (KCG) has reportedly been approached by high-speed trading firms Getco and Virtu Financial about selling them its market-making operations. The business is Knight's largest and most profitable, but suffered a massive loss in August when a technical problem flooded the market with mistaken orders.
  • Nov. 15, 2012, 5:42 PM
    After-hours top gainers, as of 5:15 p.m.: EMAN +5.8%. ARUN +5.4%. KCG +4.2%. GPS +3.1%. VELT +2.9%.
    After-hours top losers: AAT -9.2%. CUBE -7.4%. SINA -6.2%. CTRX -5.6%. SHLD -5.5%.
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Company Description
KCG Holdings Inc is asecurities firm offering clients a range of services designed to address trading needs across asset classes, product types and time zones. It is also engagedin principal trading via exchange-based electronic market making.