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BGC Partners Inc. said Jan. 12 that it has completed its merger with GFI Group Inc.
BGC, Jersey Partners Inc., New JP Inc., Michael Gooch, Colin Heffron and certain subsidiaries of Jersey Partners and BGC on Jan. 12 closed on a previously agreed upon merger, which provided for the acquisition of Jersey Partners by BGC. Shortly following the completion of the merger, a subsidiary of BGC merged with and into GFI, with GFI continuing as the surviving entity. The back-end mergers allowed BGC to acquire the remaining approximately 33% of the outstanding GFI common shares that BGC did not already own. Following the closing of the mergers, BGC and its affiliates now own 100% of the outstanding GFI common shares.
Also, certain subsidiaries of BGC merged...