Reuters logo
Knight Capital closes on $400 mln rescue deal
August 6, 2012 / 1:40 PM / 5 years ago

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below