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  1. UPDATE 1-GFI Group shareholders reject proposed CME Group takeoverRead the original story

    Yesterday | Reuters

    GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc, the companies said, opening the door for a hostile bid from rival BGC Partners. CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for GFI Group, a derivatives broker, with BGC Partners Inc. Michael Gooch, GFI Group's executive chairman, said he was disappointed shareholders rejected the CME deal.

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  2. Lutnick Says BGC Ready to Buy GFI After CME's Bid RejectedRead the original story

    Friday | Bloomberg

    Howard Lutnick said his BGC Partners Inc. is committed to buying GFI Group Inc. after shareholders of the interdealer broker rejected CME Group Inc.'s takeover proposal. CME called off its $5.85-a-share bid after it was voted down Friday in New York, the Chicago-based company said in a statement.

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  3. GFI Shareholders Reject Sale to CMERead the original story w/Photo

    Friday | Wall Street Journal

    Shareholders voted down GFI Group Inc.'s planned sale to CME Group Inc., and the brokerage firm said it was exploring strategic alternatives. The move puts GFI Chairman Mickey Gooch on the clock to outrun a hostile bid from rival BGC Partners Inc. GFI said shareholders rejected the CME deal, valued at $5.85 a share, at a meeting in New York on Friday.

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  4. GFI Shareholders Strongly Reject The Proposed CME-GFI Management Merger ProposalRead the original story

    Friday | Benzinga

    BGC Partners, Inc. , a leading global brokerage company primarily servicing the financial and real estate markets, today issued a statement following the conclusion of the special meeting of GFI Group Inc. where, based on preliminary tabulation by the independent inspector, shareholders rejected the proposed merger agreement with CME Group Inc. . Howard Lutnick, Chairman and Chief Executive Officer of BGC, said: "We believe that the proposed CME-GFI management merger failed by an overwhelming margin.

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  5. The Wall Street Journal: GFI shareholders vote down $746 million sale to CME, managementRead the original story w/Photo

    Friday | MarketWatch

    GFI Group Inc. shareholders rejected a buyout proposal from CME Group Inc. and GFI management, according to people familiar with the matter, opening the door for rival BGC Partners Inc. to press its own hostile bid for the company. CME's $5.85-a-share bid failed to get enough votes at a shareholder meeting Friday in New York, the people said.

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  6. GFI Shareholders Vote Down Sale to CMERead the original story w/Photo

    Friday | Wall Street Journal

    GFI Group Inc. shareholders rejected a buyout proposal from CME Group Inc. and GFI management, according to people familiar with the matter, opening the door for rival BGC Partners Inc. to press its own hostile bid for the company. CME's $5.85-a-share bid failed to get enough votes at a shareholder meeting Friday in New York, the people said.

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  7. GFI Investors Said to Reject CME, Clearing Path for LutnickRead the original story

    Friday | Bloomberg

    GFI Group Inc.'s shareholders rejected CME Group Inc.'s takeover proposal, clearing the way for them to accept a bid by Howard Lutnick's BGC Partners Inc., a person briefed on the decision said. CME's $5.85-a-share proposal failed to win approval from the brokerage's investors at a meeting Friday in New York, said the person, who asked not to be identified because the results haven't been publicly announced.

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  8. Deals of the Day: Hearty Appetite for Shake...Read the original story w/Photo

    Friday | Wall Street Journal

    Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. Here's what's happening today: Qatar takes IAG stake.

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  9. Google revenue falls short as competition on mobile intensifiesRead the original story w/Photo

    Friday | Korea Herald

    Google's fourth-quarter sales and profit missed estimates as the Web company's advertising business faced more competition on mobile devices. Revenue, excluding sales passed on to partners, rose 6.9 percent to $14.5 billion, the company said in a statement Thursday, missing analysts' average projection for $14.7 billion, according to estimates compiled by Bloomberg.

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  10. Amazon's Bezos Delivers Profit While Pledging to Spend MoreRead the original story

    Friday | The Washington Post

    Amazon on Thursday posted a fourth-quarter profit of $214 million on sales of $29.3 billion, following two straight periods of losses. The results sent the online retailer's shares soaring in extended trading and helped blunt investor concerns that Bezos was spending too much on initiatives including speedier package delivery and original video programming -- instead of making money.

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  11. Google Sales Fall Short as Competition on Mobile IntensifiesRead the original story

    Friday | The Washington Post

    Revenue, excluding sales passed on to partners, rose 6.9 percent to $14.5 billion, the company said in a statement Thursday, missing analysts' average projection for $14.7 billion, according to estimates compiled by Bloomberg. Chief Executive Officer Larry Page is battling Facebook Inc. and other Web companies that are seeking to lure away users and advertisers on tablets and smartphones.

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  12. 's M&A Chatter for Thursday January 29, 2015Read the original story w/Photo

    Thursday | Benzinga

    The Rumor : Shares of Textron rose Thursday, on a report from The Deal , that United Technologies was potentially looking at the company as a takeover target/ The Deal : The Hershey Company announced Thursday, an agreement to acquire KRAVE jerky maker, KRAVE Pure Foods. Financial terms of the transaction were not disclosed.

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  13. Battle Brews Over Bids for Broker GFI GroupRead the original story w/Photo

    Thursday | Wall Street Journal

    A takeover fight between hard-charging rivals over a broker to Wall Street's biggest banks is coming to a head, a showdown that has split the firm's board amid dueling claims about management conflicts and the hostile bidder's motivations.

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  14. Google sales fall short amid heated mobile battleRead the original story w/Photo

    Thursday | The Age

    Google's fourth-quarter sales and profit missed estimates as the web company's advertising business faced more competition on mobile devices. Revenue, excluding sales passed on to partners, rose 6.9 per cent to $US14.5 billion , the company said in a statement Thursday, missing analysts' average projection for $US14.7 billion, according to estimates compiled by Bloomberg.

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  15. UPDATE 1-Nasdaq fourth-quarter profit tops expectationsRead the original story

    Thursday Jan 29 | Reuters

    ... acquired fixed income and corporate solutions businesses. In 2013, Nasdaq financed its $750 million purchase of eSpeed, the electronic Treasuries-trading platform, from BGC Partners Inc, a deal giving it a foothold in fixed income. It also closed a ...

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  16. BGC Re-affirms Offer To Acquire GFI For $6.10 Per Share In CashRead the original story w/Photo

    Thursday Jan 29 | Sys-Con Media

    The tender offer agreement is similar to the two previously executed tender offer agreements delivered by BGC to GFI earlier in January, 2015. , 14D-9 filing made with the Securities and Exchange Commission , the GFI Special Committee determined that the conditions in the executed tender offer agreement "were reasonable for the deal proposed, comparable to the [CME] Merger Agreement conditions while giving effect to the different structures and, in general, within the control of GFI," and that "there was no reason to believe that, subject to the satisfaction of the conditions, BGC would not consummate the transaction and its offer was made to, and could be accepted by, all GFI Stockholders."

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  17. Apple says it has more to offer beyond iPhonesRead the original story w/Photo

    Wednesday Jan 28 | Milwaukee Journal-Sentinal

    Shoppers walk by the Apple store along the Third Street Promenade in Santa Monica, Calif. CEO Tim Cook is optimistic about the new Apple Watch, which will go on sale in April, but analysts say it's difficult to predict demand for it.

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  18. Epic Battle for Control of GFI Comes to a Head Thursday at MidnightRead the original story w/Photo

    Wednesday Jan 28 | The New York Observer

    This week will likely bring resolution to a drama gripping Wall Street, as CME vies for control of GFI Group, pitting GFI insiders like CEO Colin Heffron against BGC's chief Howard Lutnick . Anyone who's read Barbarians at the Gate knows that the most exciting thing that can happen in business is a bidding war for control of a company.

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  19. BGC Issues Letter To GFI Shareholders Dated January 28, 2015Read the original story w/Photo

    Wednesday Jan 28 | Sys-Con Media

    We urge you to protect the value of your investment in GFI Group by voting AGAINST all of the proposals at the special meeting of GFI shareholders scheduled for In a final desperate attempt to protect their conflicted and self-interested transaction, GFI management is asking you to accept all-cash offer. They want you to accept this obviously lower value for your shares in order for GFI management to purchase the brokerage business and realize the tax benefits that we believe accrue almost entirely to them.

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  20. Yahoo to Spin Off Alibaba Stake Tax-Free as Public CompanyRead the original story w/Photo

    Tuesday Jan 27 | Bloomberg

    Yahoo! Inc. announced a tax-free spinoff of its stake in Alibaba Group Holding Ltd., seeking to maximize the return of cash to shareholders and triggering a 10 percent jump in the Web portal's shares. The deal will put Yahoo's holding in the Chinese e-commerce company into a newly registered firm called SpinCo, which will own all of Yahoo's 384 million Alibaba shares valued at $40 billion, the Sunnyvale, California-based company said in a statement Tuesday.

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