Knight Capital Group Inc. (KCG) is fielding offers from at least two of its competitors to possibly purchase the entire company, CNBC reported Monday. Electronic trading firms Getco LLC and Virtu Financial LLC are pursuing an outright purchase of Knight, CNBC said.
Exact terms are unclear but the price is likely in the $600 million to $700 million range, CNBC said, citing people familiar with the matter.
The Wall Street Journal reported Friday that Knight was in talks to sell its market-making operation and was expected to receive proposals this week from Getco and Virtu.
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