GFI Group Inc. (GFIG) announced that it acquired privately held Trayport Ltd. for an aggregate purchase price of GBP 84 million or approximately US$ 164 million.GFI said it paid Trayport GBP 75 million or approximately US$ 146 million, plus an additional GBP 9 million for excess working capital, mostly in the form of surplus cash. GFI anticipates that the transaction will be neutral to its non-GAAP 2008 earnings, which excludes amortization of intangibles and accretive thereafter.In addition, GFI reported that it completed a private placement of US$ 60 million of 7.17% senior secured notes due in 2013. The company further disclosed that it has amended its existing revolving credit facility to increase the available borrowings under the facility to US$ 265 million from US$ 160 million.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.