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(JEF) Knight Capital Group to Merge with Getco

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The Global Electronic Trading Company or Getco LLC is all set to acquire the troubled automated trading firm Knight Capital Group, Inc. (KCG) for $1.4 billion. The cash and stock deal Healthy Prostate is expected to close in the first half of 2013. Under the terms of the deal, Knight Capital and Getco LLC will combine to form a new publicly-traded company. The shareholders of Knight Capital will be allowed to opt for either $3.75 per share in cash or one share of stock in the new holding company. The cash consideration will be subject to pro-rata allotment if the holders choose to receive more than $720 million in cash. Also, Jefferies Group, Inc. (JEF) and its associates (the largest shareholders in Knight Capital) have decided to restrict their cash

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