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BGC Partners Inc (BGCP.OQ)

BGCP.OQ on NASDAQ Stock Exchange Global Select Market

16.75USD
11 Dec 2017
Change (% chg)

$0.07 (+0.42%)
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Volume
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Latest Key Developments (Source: Significant Developments)

BGC Partners reports Q3 EPS of $0.28
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Bgc Partners Inc :Bgc Partners reports third quarter 2017 financial results.Bgc Partners Inc qtrly revenues $827.0 million versus $734.8 mln‍​.BGC Partners Inc qtrly GAAP net income per fully diluted share $0.28.BGC Partners Inc - declared an 18 cent dividend for the third quarter, which is up 12.5 percent year-on-year‍​.BGC Partners Inc - "expect to continue to have strong performance in the fourth quarter of 2017 into 2018".BGC Partners Inc sees Q4 revenues of between approximately $800 million and $850 million‍​.BGC Partners sees Q4 pre-tax distributable earnings before noncontrolling interest in subsidiaries and taxes to be in range of $140 million - $160 million.Bgc Partners -Q4 outlook includes additional $7.5 million of interest expense related to new debt incurred with respect to the Berkeley Point acquisition.  Full Article

Newmark Group Inc files for IPO of up to $100 mln
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Newmark Group Inc::Newmark Group Inc files for IPO of up to $100 million – SEC filing.Newmark Group Inc says it intends to apply to have its class a common stock listed on Nasdaq Global Market under the symbol "NMRK".Newmark Group Inc says Goldman Sachs & Co Llc, Bofa Merrill Lynch, Citigroup, Cantor Fitzgerald & Co were among underwriters to the IPO.Newmark Group Inc says proposed IPO price is an estimate solely for calculating sec registration fee.Newmark Group Inc says following IPO, BGC Partners Inc will control more than majority of total voting power of common stock.  Full Article

Bgc Partners Inc Says drew $400 mln under revolving credit facility and $575 mln under term loan facility​
Friday, 8 Sep 2017 

Sept 8 (Reuters) - Bgc Partners Inc :Bgc Partners Inc - ‍on september 8, 2017, company drew $400 million under revolving credit facility and $575 million under term loan facility​.  Full Article

BGC Partners updates its outlook for Q3 2016
Friday, 30 Sep 2016 

Bgc Partners Inc : Now expects its revenues for period to be slightly below low end of range of its previously stated guidance .Expects Q3 pre-tax distributable earnings to be around mid-point of range of its previously stated guidance.  Full Article

BGC Partners announces agreement to buy Perimeter Markets
Thursday, 25 Aug 2016 

BGC Partners Inc : BGC Partners announces agreement to acquire Perimeter Markets Inc, an operator of electronic trading platforms in Canada . Details of transaction were not disclosed .Has entered into an agreement to acquire Perimeter Markets Inc.  Full Article

BGC Partners reports Qtrly GAAP EPS $0.06
Thursday, 28 Jul 2016 

Bgc Partners Inc [BGCP.O] : Qtrly gaap earnings per share $0.06 . Anticipates third quarter of 2016 revenues of between $655 million and $695 million . Qtrly pre-tax distributable earnings per share $0.22 . Bgc partners reports second quarter 2016 financial results . Qtrly revenues under both U.S. Gaap and distributable earnings $652.0 million versus. $669.1 million last year . Qtrly post-tax distributable earnings per share $0.19 .Expects q3 pre-tax distributable earnings before noncontrolling interest in subsidiaries and taxes to be in range of $99 to $115 million.  Full Article

BGC Partners to acquire Sunrise Brokers
Tuesday, 19 Jul 2016 

Bgc Partners Inc : Bgc partners announces agreement to acquire sunrise brokers, a leading financial brokerage for equity derivatives .Details of transaction were not disclosed.  Full Article

BGC Partners announces pricing of $300 mln of 5.125% senior notes due 2021
Wednesday, 25 May 2016 

BGC Partners Inc : Announces pricing of $300 million of 5.125% senior notes due 2021 .Says pricing of its offering of $300 million aggregate principal amount of 5.125% senior notes.  Full Article

BGC Partners says announces offering of senior notes
Tuesday, 24 May 2016 

BGC Partners Inc - : To use net proceeds for repayment in full of BGC's 4.50% convertible notes scheduled to mature on July 15, 2016, fund future acquisitions .BGC announces offering of senior notes.  Full Article

BGC Partners Inc - GFI shareholders may pursue lawsuit over aborted merger -judge - Reuters
Tuesday, 9 Feb 2016 

BGC Partners Inc:Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. - RTRS.U.S. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief Executive Colin Heffron and the company must face claims of improperly touting its sale to CME Group while spurning a more shareholder-friendly bid from Howard Lutnick's BGC Partners.CME had agreed on July 30, 2014, to buy GFI for $4.55 per share, a 46 percent premium at the time, with the intent of keeping some units and spinning off the wholesale brokerage to a group led by GFI management.But GFI became the target six weeks later of a $5.25-per-share hostile takeover from BGC, prompting a bidding war that ended with New York-based BGC agreeing in a tender offer to pay $6.10 per share.GFI shareholders led by Benjamin Gross, who sought class-action status, claimed they missed the initial run-up by selling their shares during the six-week period, having been led to believe the original CME bid would not be topped.BGC and a lawyer for GFI Group did not immediately respond to requests for comment. Tariq Mundiya, a lawyer for Gooch and Heffron, declined to comment.  Full Article

BRIEF-BGC Partners reports Q3 EPS of $0.28

* Bgc Partners Inc qtrly revenues $827.0 million versus $734.8 mln‍​