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BGC Partners, Inc.
BGCP
("BGC Partners," "the Company," or "BGC"), a leading global brokerage company
primarily servicing the financial and real estate markets, today issued a
statement following the conclusion of the special meeting of GFI Group Inc.
("GFI Group" or "GFI") where, based on preliminary tabulation by
the independent inspector, shareholders rejected the proposed merger agreement
with CME Group Inc.
CME ("CME").
Howard Lutnick, Chairman and Chief Executive Officer of BGC, said: "We believe
that the proposed CME-GFI management merger failed by an overwhelming margin.
We appreciate this apparently strong rejection by the disinterested GFI
shareholders, and feel that it reflects their belief that our offer has always
been both very credible and clearly superior to the alternative.
"We remain fully committed to completing our all-cash tender offer of $6.10
per share, which remains open to GFI shareholders. Since a rejection by GFI
shareholders would end any possibility of the CME-GFI management merger being
completed, our tender offer is the only viable option for GFI stockholders
seeking to maximize the value for their shares. We therefore strongly urge
them to tender their shares into our clearly superior offer and we are
prepared to move quickly to complete this transaction."
As previously announced, BGC's tender offer is scheduled to expire at 5:00 PM
ET on February 3, 2015, unless extended.
Stockholders with questions about how to tender their shares may call
Innisfree M&A Incorporated, BGC's Information Agent, toll-free at (888)
750-5884.
BGC's financial advisor and dealer manager for the tender offer is Cantor
Fitzgerald & Co. and its legal advisor is Wachtell, Lipton, Rosen & Katz.
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Posted In: NewsPress Releases
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