Shareholders of the GFI Group (GFIG) have rejected a planned acquisition by the CME Group, clearing a path for a hostile bid by a rival firm. In response, GFI announced that it was abandoning the merger plan and would now seek to “explore strategic alternatives” to enhance shareholder value. The CME proposal, which was revised many times, would have valued GFI at $5.85 a share in cash and stock. Source
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