CME Group Inc., the world’s leading and most diverse derivatives marketplace, and GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, today announced that they have received all of the material regulatory approvals necessary to close the previously announced acquisition of GFI Group by CME. The transaction remains subject to the approval of GFI Group’s stockholders; GFI Group will hold a special meeting of its stockholders on January 27, 2015 to vote on the transaction.
“With these regulatory approvals and the significant shareholder support through commitments from Jersey Partners Inc., GFI Group’s largest stockholder, we believe the planned merger of CME Group and GFI Group can deliver value with speed and certainty for all GFI Group shareholders,” said GFI Group Executive Chairman, Michael Gooch.
The revised transaction has been approved by the Board of Directors of GFI Group upon the unanimous recommendation of a Special Committee comprised solely of independent and disinterested directors, and by the Board of Directors of CME Group. The transaction is expected to close shortly following the stockholders’ meeting.
