Getco Makes $1.4B Merger Offer To Knight Capital

Law360, New York (November 28, 2012, 1:27 PM EST) -- Chicago-based high-frequency trading company Getco LLC has proposed a stock-and-cash merger with New Jersey financial services firm Knight Capital Group Inc. that values the market maker at $1.4 billion, according to a regulatory filing by Knight Capital on Wednesday.

The Jersey City-based market maker disclosed the offer in a U.S. Securities and Exchange Commission filling, which included a letter from Getco CEO Daniel Coleman to the Knight Capital board. The proposed deal values Knight Capital's stock at $3.50 per share, a 41 percent premium above the...
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