BGC Group Agrees To Acquire OTC Global Holdings Via All-Cash Transaction; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
BGC Group has agreed to acquire OTC Global Holdings in an all-cash transaction to expand its Energy, Commodities, and Shipping business. The deal is subject to regulatory approvals.
October 22, 2024 | 11:19 am
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BGC Group is set to acquire OTC Global Holdings, enhancing its ECS business. The all-cash deal awaits regulatory approval.
The acquisition of OTC Global Holdings by BGC Group is likely to positively impact BGC's stock price in the short term as it expands and diversifies its ECS business. The all-cash nature of the deal suggests financial strength, and the pending regulatory approval is a standard procedure.
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