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US: GFI Shareholders Reject Sale to CME

By  |  February 1, 2015

Shareholders voted down GFI Group’s planned sale to CME Group on Friday. Preliminary results from the GFI shareholder meeting held in New York indicate that GFI shareholders did not approve the proposed merger. As a result, the parties each agreed on terminating the merger agreement.

The related merger agreement by and among CME and Jersey Partners Inc and their affiliates and purchase agreement by and among GFI Brokers Holdco, CME, Jersey Partners and their affiliates, were also terminated.

 

Full Content: The New York Times

 

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