Cerberus may join Virtu bid for Knight Capital: WSJ
(Reuters) – Cerberus Capital Management LP is in talks to join Virtu Financial LLC’s bid for U. S. brokerage Knight Capital Group Inc , the Wall Street Journal reported, citing people familiar with the discussions. Virtu and rival electronic trading firm Getco Holding Co have made competing bids for the Jersey City, N. J. -based Knight, valuing the company at a minimum of $1. 1 billion. Knight was made vulnerable to a takeover this summer when a trading glitch left it nearly bankrupt before a group of investors stepped in with $400 million in emergency capital. . . .
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