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BGC Partners, Inc.

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BGC Partners, a global interdealer broker, has launched a hostile $675m bid for its rival GFI Group after its attempts to negotiate a deal were stymied. BGC will offer to buy the 86.5 per cent of shares in GFI it does not own in a deal that values GFI at $5.25 a share. If successful, the bid would break up a deal the GFI board had previously agreed to with CME Group to buy GFI …  View page


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