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Knight Capital Group at the Center of Bidding War
Thursday, November 29, 2012 - 11:37am | 463Knight Capital Group (NYSE: KCG) received bidding offers from two market makers: Getco LLC and Virtu Financial LLC. Wednesday, Virtu made an offer to buy the Chicago-based high-frequency trader for about $3 a share. Getco has potentially launched a bidding war by placing an offer to purchase Knight...
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Knight Capital Plummets on Refinancing
Monday, August 6, 2012 - 10:29am | 382Knight Capital (NYSE: KCG) shares fell approximately 25 percent in early trading Monday after the company announced rescue financing that will shore up its books at a steep price. This announcement followed $440 million of errant trading losses last week. Investing firms in the market maker will...