CME, GFI revise strategic transaction to compete with BGC Partners

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CME, GFI revise strategic transaction to compete with BGC Partners

Equity Market

CME Group has increased its offer for GFI Group to compete with a recent bid by BGC Partners. The exchange has now increased the consideration payable to GFI Group stockholders from $4.55 a share, to $5.25 a share, payable in a mix of CME Group Class A common stock and cash.

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