BGC Recommends GFI Shareholders To Vote Against CME-GFI Management Transaction

(RTTNews) - BGC Partners, Inc. (BGCP), a global brokerage company servicing the financial and real estate markets, issued a letter to shareholders of GFI Group Inc. (GFIG) relating to its proposed merger with CME Group Inc. (CME).

In its letter, BGC has urged GFI Shareholders 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 30th. BGC stated in its letter that as a final desperate attempt to protect their conflicted and self-interested transaction, GFI management is asking them to accept $5.85 per share in cash and stock, which is $0.25 less than BGC's $6.10 all-cash offer.

The expiration date for BGC's tender offer is 5:00 PM New York City time on February 3, 2015, unless extended. BGC's financial advisor and dealer manager for the tender offer is Cantor Fitzgerald & Co. and its legal advisor is Wachtell, Lipton, Rosen & Katz.