BGC issues letter to GFI shareholders in battle for broker
New bids for the brokerage were submitted months ago
Broker BGC Partners has filed preliminary proxy materials with the Securities and Exchange Commission (SEC) to solicit votes at the January 27 special meeting of GFI Group's shareholders against the proposed merger with CME Group. It has also issued a letter to the shareholders urging them to vote against CME's "inferior" offer.
"Protect the value of your investment in GFI. Vote against the inferior $5.25 CME-GFI transaction. Tender your shares to receive BGC's superior $5.45 per share all-cash
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