GFI Group Delists, Deregisters Common Stock Following Tender Deal

GFI Group (NYSE: GFIG), fresh off its recent majority transfer of shares to BGC Partners, has opted to voluntarily delist and deregister its common stock from the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (NYSE), according to a GFI statement.

Late last month, an ongoing deal finally reached completion between inter-dealer broker BGC Partners Inc. (NASDAQ: BGCP) and GFI Group, having closed a tender offer for 56.3% of GFI’s shares by BGC for $6.10 per share.

Moreover, last week saw the takeover of GFI Group’s subsidiary, Kyte Group Ltd, by R.J. O’Brien Europe Limited (RJO Europe), an affiliate of R.J. O’Brien & Associates (RJO), the largest independent futures brokerage and clearing firm in the US.

Share-tracking

At present, roughly 56.3% of the outstanding shares of GFI Group’s common stock are held by BGC Partners, Inc. or its Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term, with approximately 38% of the outstanding shares held by Jersey Partners Inc. – additionally, select members of GFI Group’s management team and their respective affiliates hold stakes as well.

Given compliance-related costs as well as time constraints by existing management, the group did not wish to sustain the stock as a tradable entity. Overall, 94.3% of shares are owned by either BGC Partners or Jersey Partners.

However, GFI Group intends to make voluntary SEC filings with respect to its 8.375% Senior Notes due July 2018, in compliance with its regulatory obligations under the related indenture.