BGC Extends All-Cash Tender Offer to Acquire GFI GROUP 

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BGC Extends All-Cash Tender Offer to Acquire GFI GROUP for $6.10 per share to February 19

Including Shares Owned by BGC, Stockholders Representing Approximately 70% of GFI’s Shares Not Owned by Executives and/or Directors Supported Proposed Transaction 

Only an Additional 1.7% of Total Shares Needed 

BGC Urges All GFI Stockholders to Tender Their Shares 

BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “the Company,” or “BGC”), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that it has extended the deadline for its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) (“GFI Group” or “GFI”) for $6.10 per share to February 19, 2015.

Howard Lutnick, Chairman and Chief Executive Officer of BGC, said: “We are very excited that, including the 17.1 million shares BGC owns and the 37.9 million tendered, stockholders representing approximately 43.3% of GFI shares supported our transaction.  We are grateful to those stockholders who have already tendered, and believe that just a few passive investors and/or retail stockholders may not have realized how close we all are to reaching our 45% goal.  Giving stockholders the additional time to realize the tremendous value of our proposal should lead to more shares being tendered.  This in turn will make it possible for all stockholders to receive the $6.10 per share in cash to which they are entitled.  We are energized by today’s results, and are prepared to move quickly to complete our transaction.”

As of 5:00 PM New York City time on February 3, 2015, approximately 37.9 million shares were tendered pursuant to the offer.  The 37.9 million tendered shares, together with the 17.1 million shares of GFI common stock already owned by BGC, represent approximately 43.3% of GFI’s outstanding shares, or approximately 70% of shares not owned by GFI executives or directors.

The expiration date for the tender offer is now 5:00 PM New York City time on February 19, 2015, unless extended.  The offer was previously scheduled to expire at 5:00 PM New York City time, on February 3, 2015.

Stockholders with questions about how to tender their shares may call Innisfree M&A Incorporated, BGC’s Information Agent, toll-free at (888) 750-5884.

BGC’s financial advisor and dealer manager for the tender offer is Cantor Fitzgerald & Co. and its legal advisor is Wachtell, Lipton, Rosen & Katz.

Source: bgcpartners – BGC Extends All-Cash Tender Offer to Acquire GFI GROUP for $6.10 per share to February 19

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