SINLetter Monthly Stock Investment Newsletter

Post on: 23 Октябрь, 2015 No Comment

SINLetter Monthly Stock Investment Newsletter

Details of Uroplasty, Inc.:

Expected to close in the first half of 2015 in an all stock deal. Under the terms of the agreement, shareholders of Uroplasty will receive 3.6331 shares of Vision-Sciences' common stock for each outstanding share of Uroplasty's common stock.

Details of GFI Group Inc.:

Expected to close in early 2015 in a two step transaction. CME Group will first acquire all of the outstanding shares of GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock. Immediately following the acquisition of GFI Group, a private consortium of GFI Group management, led by current Executive Chairman Michael Gooch. CEO Colin Heffron and Managing Director Nick Brown. will acquire GFI Group's wholesale brokerage and clearing businesses for $165M in cash and the assumption, at closing, of approximately $63M of unvested deferred compensation and other liabilities. After completion of the transaction, the wholesale brokerage business, including the Kyte Group, will continue as a private company with its management and operations largely unchanged. The continuing GFI Group brokerage business will maintain its commitment to both Trayport and FENICS by entering into long-term commercial agreements.

September 9, 2014: Interdealer broker BGC Partners launched a $675 million hostile bid for rival GFI Group ( GFIG ), topping an agreed offer from exchange operator CME Group Inc.

December 9, 2014: BGC Partners (BGCP ) announced that it has extended the expiration date of its tender offer to acquire all the outstanding shares of GFI Group (GFIG ) to January 6, 2015 unless further extended.

December 19, 2014: BGC Partners ( BGCP ) announced that it has increased its all-cash tender offer to acquire all the outstanding shares of GFI Group ( GFIG ) to $5.45 per share.

SINLetter Monthly Stock Investment Newsletter

January 15, 2015: BGC Partners (BGCP ) announced contingent increase of all-cash tender offer to acquire GFI Group (GFIG ) to $5.85 per share and immediate non-contingent increase to $5.75 per share.

January 20, 2015: BGC Partners ( BGCP ) announced increase of all-cash tender offer to acquire GFI Group ( GFIG ) to $6.10 per share. On January 22, 2015, Glass, Lewis & Co. recommended shareholders of GFI Group to vote against the merger agreement with CME Group at the special meeting of GFI shareholders scheduled for January 27, 2015.

January 30, 2015: GFI Group (GFIG ) shareholders rejected the proposed takeover by CME Group (CME ), forcing the companies to terminate the merger agreement.

February 20, 2015: BGC Partners (BGCP ) and GFI Group (GFIG ) announced that they have entered into a tender offer support agreement in which GFI's board of directors unanimously agreed to support BGC's tender offer for all of the outstanding shares of GFI common stock at $6.10 per share in cash.


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