Key Developments: BGC Partners Inc (BGCP.O)

BGCP.O on Nasdaq

7.45USD
22 Sep 2014
Price Change (% chg)

$-0.12 (-1.59%)
Prev Close
$7.57
Open
$7.56
Day's High
$7.58
Day's Low
$7.41
Volume
800,761
Avg. Vol
1,129,709
52-wk High
$8.01
52-wk Low
$5.09

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Latest Key Developments (Source: Significant Developments)

BGC Partners announces intent to commence all cash tender offer to acquire GFI Group Shares
Tuesday, 9 Sep 2014 03:00am EDT 

BGC Partners Inc:Intends to commence a tender offer to acquire all of the outstanding shares of GFI Group Inc for $5.25 per share in cash in a transaction valued at about $675 million.Says BGC owns about 13.5 pct of GFI Group's common stock.Says Cantor Fitzgerald & Co. is serving as financial advisor to the company, and Wachtell, Lipton, Rosen & Katz is serving as the company's legal advisor.  Full Article

BGC Partners Inc's Newmark Grubb Knight Frank completes acquisition of Cornish & Carey Commercial
Thursday, 14 Aug 2014 06:00am EDT 

Newmark Grubb Knight Frank:Completes acquisition of Cornish & Carey Commercial, Northern California's commercial real estate brokerage firm.Says financial details of transaction were not disclosed.Newmark Grubb Knight Frank part of BGC Partners Inc.  Full Article

BGC Partners Inc gives Q3 2014 outlook in line with analysts' estimates-Conference Call
Thursday, 31 Jul 2014 10:00am EDT 

BGC Partners Inc:Expects Q3 2014 revenues to be between about $410 and $435 million.Q3 2014 expects pretax earnings to be in the range of $52 to $60 million.Q3 2014 revenue of $435 million, pre-tax profit of $59 million- Thomson Reuters I/B/E/S.  Full Article

Thomson Reuters Increases OTC data coverage through expanded partnership with BGC Partners
Wednesday, 23 Jul 2014 07:00am EDT 

Thomson Reuters and BGC Partners Inc:Announced strategic agreement to expand customer access to over-the-counter (OTC) pricing data.BGC's OTC pricing data is available to customers of Thomson Reuters Eikon, flagship financial markets desktop, Thomson Reuters Elektron Real Time, Tick History and DataScope Select, as well as BGC's trading system.Agreement incorporates consolidated licensing solution aligned to individual clients' business models.  Full Article

BGC Partners Inc sees Q2 2014 guidance at around mid-point of prior range
Thursday, 26 Jun 2014 04:05pm EDT 

BGC Partners Inc:Expects financial results for Q2 2014 to be around the mid-point of range of previously stated guidance for revenues and earnings.Says for Q2 2014 it expected to generate distributable earnings revenues of between about $420 million and $440 million.Says for Q2 2014 it anticipated pre-tax distributable earnings to be between about $47 million and $55 million.Q2 2014 revenue of $433 million, pre-tax profit of $54 million- Thomson Reuters I/B/E/S.  Full Article

BGC Partners announces close of acquisition of Mexican Inter-Dealer Broker Remate Lince, S.A.P.I. de C.V
Monday, 12 May 2014 04:05pm EDT 

BGC Partners Inc:Completes acquisition of Remate Lince, S.A.P.I. de C.V.  Full Article

BGC Partners gives Q2 2014 guidance in line with analysts' estimates - Conference Call
Thursday, 1 May 2014 02:00pm EDT 

BGC Partners Inc:Expects Q2 2014 revenues of between about $420 and $440 mln.Expects Q2 2014 pre-tax distributable earnings on about $47 mln to $55 mln.Q2 2014 revenue of $438 mln, pre-tax profit of $55 mln - Thomson Reuters I/B/E/S.  Full Article

BGC Partners Inc expand its Latin American presence with agreement to acquire Premier Mexican Inter-Dealer Broker Remate Lince, S.A.P.I. de C.V.
Thursday, 1 May 2014 06:00am EDT 

BGC Partners Inc:Intends to expand its Latin American presence with an agreement to acquire Remate Lince, S.A.P.I. de CV.This marks BGC's first acquisition agreement in Latin America since acquisition of Brazil's Liquidez DTVM Ltda.  Full Article

BGC Partners sees Q1 2014 guidance at high end of prior range
Monday, 31 Mar 2014 04:00pm EDT 

BGC Partners:Expects Q1 2014 to be around the high-end of the range of its previously stated guidance for revenues and earnings.Q1 2014 revenue of $425 mln, pre-tax profit of $48 mln - Thomson Reuters I/B/E/S.  Full Article

BGC Partners Inc and The DMCC announces partnership
Monday, 3 Mar 2014 10:00pm EST 

BGC Partners Inc and the Dubai Multi Commodity Centre:Entered into a partnership to promote a Sharia-compliant Commodity Murabaha mechanism.Partnership offers the trading community a efficient method of trading this niche financial product.  Full Article

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GFI Group board supports CME takeover offer over BGC bid

CHICAGO - GFI Group Inc's board of directors is backing an agreed-upon acquisition offer by exchange-operator CME Group Inc over a hostile takeover bid from BGC Partners Inc , the derivatives broker said on Monday.

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