NEW YORK - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. | Video
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Virtu Financial submits competing bid for Knight-source
NEW YORK |
NEW YORK (Reuters) - Virtu Financial LLC has submitted an all-cash bid for electronic trading firm Knight Capital Group (KCG.N) 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.
(Reporting By John McCrank; Editing by Maureen Bavdek)
- Tweet this
- Share this
- Digg this