(Corrects Dec. 18 to remove exclusive tag from headline and
slug as Dow Jones had the news few minutes earlier)
NEW YORK Dec 18 Knight Capital Group
agreed to sell itself to Getco Holding Company LLC, beating
rival high-speed trading firm Virtu Financial LLC, according to
two people close to the negotiations.
Though Virtu had offered an all-cash deal, Getco and its
private equity firm General Atlantic increased its offer to
above $3.60 a share in cash and stock in the combined company,
one source said. Under Getco's plan, Knight Chief Executive
Thomas Joyce would give up his role.
A spokeswoman at Knight was not immediately available for
(Reporting by Jed Horowitz; Editing by Jan Paschal)