From other site $KCG> NEWS.................Re
Post# of 98051
NEWS.................Renouncement.
Jul 05, 2013 (Close-Up Media via COMTEX) -- KCG Holdings, Inc. announced the
completion of the previously announced merger whereby Knight Capital Group, Inc.
and Getco Holding Company have been combined as part of KCG Holdings, Inc., a
new publicly traded holding company.
In a release on July 1, the Company said that the merger, which was announced on
Dec. 19, 2012, was approved by the respective stockholders and unitholders of
both companies at special meetings held June 25.
"We're pleased to announce the completion of a merger that brings together the
exceptional talent of each business to create a leading global securities firm.
KCG will connect investors and markets worldwide through agency execution,
market making, and the operation of multi- asset class trading venues," said
Daniel Coleman, Chief Executive Officer, KCG. "As one KCG, our focus is on
strategically blending human capital with superior technology to create flexible
solutions that meet our clients' evolving needs."
Knight's and Getco's legacy operations and offerings will be combined with
limited changes to current products and services expected in the near term. KCG
will formally launch operations under its new corporate identity on July 2, with
a new website and brand, as well as a combined NYSE Designated Market Maker
unit.
GO KCG-WI
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