BGC Partners, Inc. (NASDAQ:BGCP), the global brokerage servicing the financial and real estate markets, today published an updated earnings forecast for the first quarter of 2015. Taking out the results of GFI Group Inc. (NYSE:GFIG), in which BGC Partners recently acquired a majority stake, BGC now forecasts its quarterly revenues for distributable earnings to be…
Read moreThere is a positive development on the news LeapRate reported a week ago about BGC Partners, Inc. (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate markets, and GFI Group Inc. (NYSE:GFIG) agreeing on a tender offer of $6.10 per share. The companies announced today that the tender offer had been completed successfully.…
Read moreWell a good old fashioned shootout is taking place for control of the GFI Group, an interdealer derivatives broker serving banks and other financial institutions from around the world. First, the CME Group made an offer to buy the 83% of GFI it didn't already own for $4.55 per share back in July. That bid…
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