The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc.** Interdealer broker BGC Partners Inc went ahead with its hostile $675 million bid for rival GFI Group Inc after talks between the two companies reached a deadlock.
BGC Partners, Inc. (BGC) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products. Shares of BGCP traded higher by 1.15% or $0.085/share to $7.49. In the past year, the shares have traded as low as $5.20 and as high as $8.01. On average, 970262 shares of BGCP exchange hands on a given day and today's volume is recorded at 439139.
GFI Group Inc. (GFI) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets. Shares of GFIG remained unchanged at $5.13. In the past year, the shares have traded as low as $2.98 and as high as $6.18. On average, 1153820 shares of GFIG exchange hands on a given day and today's volume is recorded at 177146.
Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Shares of TSLA traded higher by 2.11% or $4.87/share to $235.34. In the past year, the shares have traded as low as $116.10 and as high as $291.42. On average, 6020740 shares of TSLA exchange hands on a given day and today's volume is recorded at 4132950.
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