LONDON and NEW YORK, Jan. 30,
2015 /PRNewswire/ -- GFI Group Inc. ("GFI Group", "GFI"
or the "Company"), a leading intermediary and provider of trading
technologies and support services to the global OTC and listed
markets, announced today that the Company's Board of Directors will
explore strategic alternatives with any and all interested parties
to maximize shareholder value for all shareholders. These
alternatives could include, among others, joint ventures, mergers
and/or acquisitions.
Earlier today, the Company announced that it has determined to
terminate the CME merger agreement. Mr. Michael Gooch, GFI Group's Executive Chairman,
stated: "During the past year the Company, its Board and its
management have focused on a transaction that it believed would
maximize value for all shareholders. While we are
disappointed that the CME merger was not approved by our
shareholders, we appreciate their view and will work tirelessly to
find a strategic alternative that offers the Company's shareholders
the chance to maximize the value of their investment. We are
pleased that over the past year we have been successful in
demonstrating the value of the Company's assets and increasing
substantially the Company's capitalization. We look forward
to returning value to shareholders."
About GFI Group Inc.
GFI Group Inc. (NYSE: GFIG) is a leading intermediary in the
global OTC and Listed markets offering an array of sophisticated
trading technologies and products to a broad range of financial
market participants. More than 2,500 institutional clients
benefit from GFI's know-how and experience in operating electronic
and hybrid markets for cash and derivative products across multiple
asset classes, including fixed income, interest rates, foreign
exchange, equities, energy and commodities. GFI's brands
include Trayport®, a leading provider of trading solutions for
energy markets worldwide and FENICS®, a market leader in FX options
software.
Founded in 1987 and headquartered in New York, GFI employs over 2,000 people
globally, with additional offices in London, Paris, Brussels, Nyon, Dublin, Madrid, Sugar Land (TX), Hong Kong, Tel
Aviv, Dubai, Seoul, Tokyo,
Singapore, Sydney, Cape
Town, Santiago,
Bogota, Buenos Aires, Lima and Mexico
City.
Cautionary Statement Regarding Forward-Looking
Statements
Certain matters discussed in this press release contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements include information concerning our
future financial performance, business strategy, plans, goals and
objectives. When used is this press release, the words
"anticipate," "believe," "estimate," "may," "might," "intend,"
"expect" and similar expressions identify such forward-looking
statements. Actual results, performance or achievements could
differ materially from those contemplated, expressed or implied by
the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of
GFI and are subject to a number of risks and uncertainties.
These include, but are not limited to, risks and uncertainties
associated with: whether any potential sale of, or other strategic
transaction by or related to GFI will be consummated and, if so,
the timing and terms of any such transaction, including any
possible sale price; economic, political and market factors
affecting trading volumes; securities prices or demand for GFI's
brokerage services; competition from current and new competitors;
GFI's ability to attract and retain key personnel, including
highly-qualified brokerage personnel; GFI's ability to identify and
develop new products and markets; changes in laws and regulations
governing GFI's business and operations or permissible activities;
GFI's ability to manage its international operations; financial
difficulties experienced by GFI's customers or key participants in
the markets in which GFI focuses its brokerage services; GFI's
ability to keep up with technological changes; uncertainties
relating to litigation and GFI's ability to assess and integrate
acquisition prospects. Further information about factors that could
affect GFI's financial and other results is included in GFI's
filings with the Securities and Exchange Commission. GFI does
not undertake to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE GFI Group Inc.