09.01.2015 12:22:48
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BGC Partners Urges GFI Stockholders To Vote AGAINST Inferior CME-GFI Transaction
(RTTNews) - BGC Partners, Inc. (BGCP), a global brokerage company mainly servicing the financial and real estate markets, said it has filed preliminary proxy materials with the Securities and Exchange Commission or "SEC" to solicit votes at the January 27, 2015 special meeting of GFI Group Inc. (GFIG) shareholders against the proposed merger with CME Group Inc. (CME).
In its letter to GFI shareholders, BGC recommended them to protect the value of their investment in GFI Group by voting AGAINST all of the proposals at the special meeting of GFI shareholders scheduled for January 27th and by tendering your shares into BGC's higher offer. BGC's $5.45 per share fully financed, all-cash tender offer provides superior value and immediate liquidity at closing and is free of the conflicts of interest inherent in the proposed CME-GFI merger that provides shareholders with an inferior value for your shares.
BGC's financial advisor and dealer manager for the tender offer is Cantor Fitzgerald & Co. and its legal advisor is Wachtell, Lipton, Rosen & Katz.
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