Knight Capital (KCG) Director Too Close, Recuses Himself
Tweet
Share
E-mailGet Alerts KCG Hot Sheet
Join SI Premium – FREE
Knight Capital Group (NYSE: KCG) Director Matthew Nimetz recused himself from reviewing takeover offers for the company because of his rose as advisory director at General Atlantic LLC, the Wall Street Journal reported.
General Atlantic is the parent company of GETCO, which offered to acquire the shares of Knight Capital it doesn't already own for $3.50/share. Virtu Financial LLC is also said to be submitting a bid.
General Atlantic is the parent company of GETCO, which offered to acquire the shares of Knight Capital it doesn't already own for $3.50/share. Virtu Financial LLC is also said to be submitting a bid.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Varonis Said To Weigh Sale After Takeover Interest - Bloomberg
- InMode receives $16.20-per-share buyout proposal from CEO-led group
- Qualcomm to acquire AI software firm Modular Inc.
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
General AtlanticSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
