Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, December 19, 2012

Getco to purchase Knight Capital for $1.4 bln, (NYSE: KCG)

Knight Capital Group Inc said it will be acquired by Getco Holdings Co in a deal valued at $1.4 billion in cash and stock. Knight shareholders will have the right to elect either $3.75 per share in cash or one share of common stock of the new company.

Knight Capital Group, Inc. is a United States-based company that provides financial services. Shares of KCG remained unchanged at $3.33. In the past year, the shares have traded as low as $2.24 and as high as $13.59. On average, 3853200 shares of KCG exchange hands on a given day and today's volume is recorded at 6800.