logo
Share SHARE
FONT-SIZE Plus   Neg

KCG Holdings Seeing Further Upside After Confirming Takeover Offer

After spiking higher late in the previous session, shares of KCG Holdings (KCG) are seeing some further upside during trading on Thursday. KCG is currently up by 7.3 percent after reaching a seven-year intraday high.

The jump by KCG comes after the trading firm confirmed it has received an unsolicited takeover offer from Virtu Financial (VIRT) valuing the company at $18.50 to $20 per share. KCG said it is reviewing the offer.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision. American Airlines Group Inc. (AAL) reported a profit for the first-quarter 2017 that declined 66.6 percent from last year, reflecting a 37.8 percent increase in consolidated fuel expense. But quarterly total operating revenues increased 2.0 percent. Both adjusted earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT