Knight Capital Group Inc. (NYSE:KCG) is reportedly considering a takeover by Getco, or possibly another bidder, as we reported earlier. We noted that Fox Business Network reported that Knight Capital Group Inc. (NYSE:KCG) is seeking a white knight to avoid being taken over by either Virtu or Getco. Below are the latest highlights from Fox Business Network's Charlie Gasparino.
--people close to Joyce tell Fox Business his move to "shop" the firm yesterday was an attempt to get the bids up above $3 which he accomplished with Getco
--Getco worried he would sell to a friendly player to keep job
--CEO of Knight Capital Group, Tom Joyce hates Getco management, but because the firm is an owner they will get preferential treatment
--Virtu is still in the wings; the common link between Joyce and Virtu run by former Nymex chief Vinnie Viola--Dick Grasso he's friends with both and could broker a deal
--FOX Business also hears Joyce wants $4 a share thats his alleged selling price
Below is a video of Gasparino on the latest details about Knight Capital (the segment is from late yesterday).
