Knight Capital Apparently Saved in $400M Deal -CNBC
Knight Capital Group (NYSE: KCG) has secured $400 million in financing from a group of investors that includes Jefferies (NYSE: JEF), General Atlantic, Blackstone Group (NYSE: BX), TD Ameritrade (NYSE: AMTD), Stephens and Stifel Nicolaus (NYSE: SF), according to sources speaking to CNBC.
The financing is in the form of a convertible preferred security that gives the buyers the right to buy Knight Capital shares at $1.50. Knight Capital closed at $4.05 on Friday.
A spokesperson for Knight declined comment.
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