Deals
Knight Seen Getting Acquisition Bids This Week, Person Says
This article is for subscribers only.
Knight Capital Group Inc. expects to receive acquisition proposals as early as this week, according to a person with direct knowledge of the matter.
The company with a market value of about $430 million was bailed out by six financial firms in August after losing $457 million in a trading error. Chicago-based Getco LLC, one of the rescuers, and Virtu Financial LLC in New York are among the likely bidders, said the person, who requested anonymity because the negotiations are private. The Wall Street Journal reported Nov. 23 that Knight expected offers for its market-making unit.