BGC PARTNERS AND GFI GROUP REACH AGREEMENT GFI BOARD SUPPORTS BGC’S $6.10 PER SHARE TENDER OFFER GFI Board Recommends that GFI Stockholders Tender Their Shares to BGC BGC to Appoint 6 out of 8 Directors on Expanded GFI Board Stockholders Representing...Gfi Group Reach Agreement • February 20th, 2015 • BGC Partners, Inc. • Security & commodity brokers, dealers, exchanges & services
NEW YORK, NY – February 20, 2015 – BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”), a leading global brokerage company servicing the financial and real estate markets, and GFI Group Inc. (NYSE: GFIG) (“GFI Group” or “GFI”), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, today announced that they have entered into a tender offer support agreement in which GFI’s board of directors unanimously agreed to support BGC’s tender offer for all of the outstanding shares of GFI common stock at $6.10 per share in cash.
