CME Group To Acquire GFI Group - Quick Facts

(RTTNews) - CME Group Inc. (CME) Wednesday said it will buy all outstanding shares of GFI Group Inc (GFIG), a provider of trading technologies and products, through a two-step transaction. In the process, the company will also acquire GFI.'s Trayport and FENICS business.

CME plans to buy GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock. Following this acquisition, a private consortium of GFI Group management will buy GFI Group's wholesale brokerage and clearing businesses for $165M in cash .

Commenting on the acquisition, CME Group Executive Chairman Terry Duffy said: "By acquiring Trayport, a well-established business that already has a strong client base, we will both expand CME Group's involvement with European energy markets and increase operational efficiencies and trading opportunities for all European energy market participants - all while maintaining the independence of the Trayport operating platform."

The transaction is expected to close in early 2015.

Barclays Bank PLC is acting as financial advisor to CME Group and Skadden, Arps, Slate, Meagher & Flom LLP is acting as CME Group's legal advisor. Jefferies Group LLC is acting as financial advisor to GFI Group and Willkie Farr & Gallagher LLP is acting as its legal advisor.