Via Reuters and Financial News, a possible merger between GFI and Tullett Prebon - set to close within days, or so they say.
An earlier attempt at a merger fell apart in November last year after Tullett reportedly demanded a premium to its share price.
Since then GFI has seen a sharp fall in its share price. Ignore the $94.24 figure in the FT story; it's misleading because GFI had a four-for-one stock split in March this year. Like for like, on November 19, when the deal fell through, GFI was at $23.53, and now it's at $10.55; meanwhile, Tullett has stayed pretty well the same - 457p today, 459p last November. (Figures from Bloomberg). Which makes that unspecified premium look like rather a good deal for GFI.


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