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Tuesday, 04/02/2013 7:17:16 AM

Tuesday, April 02, 2013 7:17:16 AM

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NASDAQ OMX Group Inc. (NDAQ) agreed to acquire the eSpeed platform from BGC in a cash-and-stock deal worth as much as $1.23 billion as the exchange company seeks an entry into the electronic fixed-income business. BGC's market capitalization before the close was around $683 million. BGC shares rose 43% to $5.52 in after-hours trading.

Cash down payment of $750 million...way above closing market cap of $683 million...just crazy-good stuff.

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