BGC Extends All-cash Tender Offer To Buy GFI Group For $6.10/Shr To Feb. 19

(RTTNews) - BGC Partners, Inc. (BGCP), a global brokerage company primarily servicing the financial and real estate markets, has extended the deadline for its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (GFIG) for $6.10 per share to February 19, 2015.

BGC's Chairman and Chief Executive, Howard Lutnick, said: "We are very excited that, including the 17.1 million shares BGC owns and the 37.9 million tendered, stockholders representing approximately 43.3% of GFI shares supported our transaction. We are grateful to those stockholders who have already tendered, and believe that just a few passive investors and/or retail stockholders may not have realized how close we all are to reaching our 45% goal. Giving stockholders the additional time to realize the tremendous value of our proposal should lead to more shares being tendered. This in turn will make it possible for all stockholders to receive the $6.10 per share in cash to which they are entitled."

As of 5:00 PM New York City time on February 3, 2015, around 37.9 million shares were tendered according to the offer. The 37.9 million tendered shares, along with the 17.1 million shares of GFI common stock already owned by BGC, represent nearly 43.3% of GFI's outstanding shares, or about 70% of shares not owned by GFI executives or directors.

The expiration date for the tender offer is now 5:00 PM New York City time on February 19, 2015, unless extended. The offer was previously slated to expire at 5:00 PM New York City time, on February 3, 2015.