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dDT

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dDT

Re: dDT post# 554519

Thursday, 12/18/2014 3:34:07 AM

Thursday, December 18, 2014 3:34:07 AM

Post# of 648882
GFI bidding war heats up

BGC Partners (NASDAQ:BGCP) has increased its takeover offer for rival interdealer broker GFI Group (NYSE:GFIG) by 3.8%, raising its bid to $5.45 per share.
BGC’s chairman and chief executive officer, Howard Lutnick, is looking to consolidate the shrinking interdealer brokerage business by topping CME Group’s (NASDAQ:CME) takeover bid for GFI.
CME matched BGC’s previous $5.25 per share offer on Dec. 2.

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