BGC Partners to Acquire Sunrise Brokers, Strengthening Equities Offering
Posted: Mon Jul 18, 2016 9:05 am
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.
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