Sponsored Links
Knight Capital closes on $400 mln rescue deal
Aug 6 (Reuters) - A group of investors rescued embattled market maker Knight Capital Group Inc on Monday in a $400 million deal that keeps the company in business.
Blackstone Group LP, Getco and financial services companies TD Ameritrade Holding Corp, Stifel Nicolas , Jefferies Group Inc and Stephens Inc purchased preferred shares convertible at $1.50 each for a 73 percent stake in the company, Knight said in a statement just before market open.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters