CME Group, GFI Revise Agreements; GFI Stockholders To Receive $5.60/Shr

(RTTNews) - CME Group Inc. (CME) and GFI Group Inc. (GFIG) announced they have revised definitive agreements to increase the consideration payable to GFI Group stockholders to $5.60 per share from $5.25 per share, payable in a mix of shares of CME Group Class A common stock and cash.

As part of the revised CME transaction, the purchase price to be paid by a private consortium of GFI Group management, for GFI Group's wholesale brokerage business was increased to approximately $282 million, up from $254 million in cash, along with the assumption, at closing, of approximately $77 million of unvested deferred compensation and other liabilities. CME Group is also contributing $9.5 million in additional stock consideration to GFI shareholders.

Together, the new contributions deliver an approximately $37 million increase in purchase price to all GFI Group stockholders.