BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," or "BGC"), a leading global brokerage company servicing the financial and real estate markets, today reminded stockholders of GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI") to tender into its $6.10 per share offer to purchase all outstanding shares of GFI before its expiration on February 26, 2015.
Howard Lutnick, Chairman and Chief Executive Officer of BGC, together with Michael Gooch, Executive Chairman of GFI, said: "With the February 26 expiration approaching, we strongly advise those stockholders who have not yet tendered their shares to do so in order to receive the value to which they are entitled. The GFI board is in full support of this transaction and has recommended that stockholders tender their shares. Any GFI stockholders who do not tender their shares before the expiration date may have to wait up to a year to receive the $6.10 per share value for their shares so it is important for all stockholders to act promptly."
The expiration date for the tender offer is 5:00 PM New York City time on February 26, 2015. All tender offer conditions have been met except for the minimum tender condition. Assuming the minimum tender condition of 43% is reached, BGC expects to accept the tendered GFI shares on February 26, 2015, and expects to pay for them on or before March 3, 2015.
Stockholders with questions about how to tender their shares may call Innisfree M&A Incorporated, BGC's Information Agent, toll-free at (888) 750-5884.
BGC's financial advisor and dealer manager for the tender offer is Cantor Fitzgerald & Co. and its legal advisor is Wachtell, Lipton, Rosen & Katz.
