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Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Sun., Oct. 17, 12:15 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #67. Knight Capital Group, Inc. GETCO Holding Company, LLC

Acquirer: Knight Capital Group, Inc. (KCG)
Acquiree: GETCO Holding Company, LLC
Details: Knight Capital Group, Inc. (NYSE Euronext: KCG) ("Knight") and GETCO Holding Company, LLC ("GETCO") announced that at the special meetings held yesterday, the companies' respective stockholders and unitholders approved the adoption of the merger agreement dated as of December 19, 2012 and amended and restated as of April 15, 2013 among KCG Holdings, Inc. ("KCG") (formerly known as Knight Holdco, Inc.), Knight, GETCO, and the other parties thereto. In addition, regulatory approvals required under the merger agreement were received from the Financial Industry Regulatory Authority (FINRA) and the UK's Financial Conduct Authority (FCA). The transaction, which remains subject to customary closing conditions, is currently scheduled to close on Monday, July 1, 2013.

KCG Holdings is an independent securities firm providing clients a range of services to address trading needs across asset classes, product types and time zones. As of Dec 31 2016, Co. had three operating segments: Market Making, which principally consists of market making in the cash, futures and options markets across global equities, options, fixed income, currencies and commodities; Global Execution Services, which provides execution services in global equities, options, futures and fixed income on behalf of institutions, banks and broker dealers; and Corporate and Other, which contains Co.'s investments, as well as houses executive management functions.

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Company Name: 
KCG Holdings Inc
Website: 
www.kcg.com
Sector: 
Investment Brokerages
 

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Hold (2.00 out of 4)
48th percentile
(ranked lower than approx. 52% of all stocks covered)
Based on Zacks ABR data;
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