Tuesday, December 4, 2012

Knight Capital may go it alone

According to the NY Post maybe it doesn’t need a white knight after all.  Knight Capital’s board emerged from another meeting yesterday to review dueling takeover offers without making a decision.

Both Getco and Virtu Financial have made bids for the Jersey City, NJ-based Knight, which had to be bailed out several months ago after a $460 million trading glitch nearly tanked the firm.

“[Knight] can still decide to remain independent. That’s a real possibility,” said one source familiar with the bidding process…..

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