Cantor Fitzgerald rejects rival bid for eSpeed
NEWS
London-based Tullett Prebon, the world's second-largest interdealer broker, made an offer to pay $12 in cash for each Class A common share of eSpeed. This was subject to outstanding Class B common shares in the network being converted into Class A shares.
But the offer was rejected in eSpeed's letter sent to Tullett Prebon's chief executive, Terry Smith, on April 16. eSpeed said it could not pursue Tullett Prebon's acquisition proposal without the consent of its majority owner and controlling
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