Replies to post #554519 on $Stock*Shop*Charts*News*Option$

[dDT]

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.