Reuters: Hot Stocks: Virtu Financial submits competing bid for Knight-source

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Virtu Financial submits competing bid for Knight-source Nov 28th 2012, 18:49 NEW YORK | Wed Nov 28, 2012 1:49pm EST NEW YORK Nov 28 (Reuters) - Virtu Financial LLC has submitted an all-cash bid for electronic trading firm Knight Capital Group of "nothing less than $3.00 a share," following an earlier cash and stock bid for Knight by Getco LLC, said a source with knowledge of the offer. Knight would be taken private under Virtu's offer, which is backed by private equity firm Silver Lake, and other unnamed investors, the source said. Virtu is primarily interested in Knight's market-making business and would look to sell off other units, the source said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions