BGC Confirms Offer To Acquire GFI For $6.10/Shr Cash - Quick Facts

(RTTNews) - BGC Partners, Inc. (BGCP), a global brokerage company servicing the financial and real estate markets, re-affirmed its commitment to the all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (GFIG) for $6.10 a share.

The firm has delivered an executed and binding tender offer agreement to the GFI board and Special Committee that can be countersigned by GFI if the Friday, January 30th, 2015 shareholder vote regarding the proposed merger with CME Group Inc. (CME) fails. The tender offer agreement is similar to the two prior executed tender offer agreements delivered by BGC to GFI earlier in January, 2015.

The expiration date for the tender offer remains 5:00 PM ET on February 3, 2015, unless extended. BGC's cash offer of $6.10 per share represents a $0.25, or about 4% premium, to the $5.85 per share stock and cash consideration offered by the CME and GFI management.

BGC's financial advisor and dealer manager for the tender offer is Cantor Fitzgerald & Co. and its legal advisor is Wachtell, Lipton, Rosen & Katz.