Knight Capital (KCG) Director Too Close, Recuses Himself
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Knight Capital Group (NYSE: KCG) Director Matthew Nimetz recused himself from reviewing takeover offers for the company because of his rose as advisory director at General Atlantic LLC, the Wall Street Journal reported.
General Atlantic is the parent company of GETCO, which offered to acquire the shares of Knight Capital it doesn't already own for $3.50/share. Virtu Financial LLC is also said to be submitting a bid.
General Atlantic is the parent company of GETCO, which offered to acquire the shares of Knight Capital it doesn't already own for $3.50/share. Virtu Financial LLC is also said to be submitting a bid.
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