Knight Capital Group Inc, which suffered a near-fatal trading error in August, said it will be acquired by electronic trading firm Getco Holdings Co in a deal valued at $1.4 billion in cash and stock.The deal seals a whirlwind five months for Knight, which executes about 10 percent of U.S. equity trading volume.The company was rescued by a group of investors led by Jefferies Group Inc and including Chicago-based Getco who injected $400 million after errant software sent millions of unintentional orders in the opening 45 minutes of the U.S. trading day on Aug. 1.Knight and Getco will combine to form a new publicly traded company. Knight shareholders other than Getco will have the right to elect either $3.75 per share in cash or one share of common stock in the new business.
Jefferies Group, Inc. is a United States-based firm that operates as a securities and investment banking firm. Shares of JEF remained unchanged at $18.80. In the past year, the shares have traded as low as $11.59 and as high as $19.82. On average, 2903540 shares of JEF exchange hands on a given day and today's volume is recorded at 0.
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 0.
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