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BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company whose latitude extends to financial and real estate markets, has announced its latest merger and acquisition (M&A) activity, sowing up a deal that will see it acquire the businesses of Sunrise Brokers Group, an independent financial brokerage dealing with equity derivatives, according to a BGC Partners statement.
The acquisition is the first by BGC Partners in H2 2016, having gone through a relatively quiet fiscal year thus far. By acquiring Sunrise Brokers, BGC Partners is looking to expand its equity derivatives focus, which helps strengthen one of its core businesses.
Despite movements to ... (read more)