Breaking: Virtu Financial Buys KCG Holdings for $1.4 Billion

[kreslik.news]

As expected, Virtu Financial, Inc. (NASDAQ:VIRT) just announced that it has entered into a definitive agreement to acquire KCG Holdings, Inc. (NYSE:KCG). The move has been unanimously approved by the Board of Directors of each company. Virtu has agreed to acquire KCG in a cash transaction valued at $20.00 per KCG share, or a total of approximately $1.4 billion.

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“KCG fits perfectly with Virtu’s strategic priorities to apply our market making and technological expertise to customer wholesale order flow and expand Virtu’s growing agency execution business by offering ... (read more)