KCG Holdings (KCG) Reports Q1 EPS of $0.05
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Virtu Financial (VIRT) to Acquire KCG (KCG) for $20 Per Share
April 20, 2017 7:54 AM EDT(Updated - April 20, 2017 7:56 AM EDT)
Virtu Financial, Inc. (NASDAQ: VIRT) today announced that it has entered into a definitive agreement to acquire KCG Holdings, Inc. (NYSE: KCG), which has been unanimously approved by the Board of Directors of each company. Virtu has agreed to acquire KCG in a cash transaction valued at $20.00 per KCG share, or a total of approximately $1.4 billion.
The transaction will extend Virtus scaled operating model to KCGs wholesale market making businesses and broaden the distribution of Virtus technology and execution... More
