Knight Capital Apparently Saved in $400M Deal -CNBC

Knight Capital Group KCG has secured $400 million in financing from a group of investors that includes Jefferies JEF, General Atlantic, Blackstone Group BX, TD Ameritrade AMTD, Stephens and Stifel Nicolaus 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.