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GFI's board urges shareholders to rebuff the rival BGC Partners offer and wait for alternatives. BGC says shareholders shouldn't wait.
Shareholders at interdealer broker GFI Group rejected a takeover bid by trading exchange giant CME Group on Friday, Jan. 30, a move that could clear the way for interdealer broker BGC Partners’ rival offer. However, on Monday, Feb. 2, GFI Group’s board of directors issued a statement stressing that there are alternatives to the BGC...
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