Knight Capital Group, the market maker that’s being acquired by Getco LLC, plans to sell its credit-brokerage unit to Stifel Financial, according to six people with knowledge of the matter.
Knight Capital Group's board plans to meet on Monday to resume assessing takeover offers from Getco LLC and Virtu Financial LLC, its second gathering in five days, according to a person with knowledge of the matter.
Knight Capital Group capped its biggest rally in nine years after getting takeover offers from Getco LLC and Virtu Financial LLC, setting up a bidding war that may end its 17-year history as an independent company.
Getco LLC on Wednesday made an offer to acquire Knight Capital Group for $3.50 a share in cash and stock, four months after a massive trading-technology glitch cost the trading firm nearly half a billion dollars.
Four months after a massive trading-technology glitch that cost it nearly half a billion dollars, Knight Capital Group is on the block, say people involved with the discussions, and could be merged in to one of its chief competitors.