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Keech63

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Keech63

Re: FORTY-8 post# 134

Monday, 08/06/2012 10:33:30 AM

Monday, August 06, 2012 10:33:30 AM

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I show NITE received a $400M infusion, William. Per:
http://www.nj.com/business/index.ssf/2012/08/wall_street_to_bail_out_jersey.html

Knight Capital Group Inc. received a $400 million cash infusion through the sale of convertible securities after trading losses spurred by a software failure drove the market maker to the brink of bankruptcy.

Investors agreed to buy preferred stock that will be convertible into approximately 267 million common shares, the company said today. Getco LLC, the automated trading firm backed by General Atlantic LLC, Blackstone Group LP, brokerages Stifel Nicolaus & Co. and TD Ameritrade Holding Corp., and the investment banks Stephens Inc. and Jefferies Group Inc. are investing, according to a statement
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