Knight Capital Seeking 'White Knight' Buyer to Save Firm -Fox Business

Date : 08/02/2012 @ 11:01AM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 91.28  0.0 (0.00%) @ 6:42AM

Knight Capital Seeking 'White Knight' Buyer to Save Firm -Fox Business

KCG Holdings, Inc. (NYSE:KCG)
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Knight Capital Group (KCG) is seeking a "White Knight" buyer to save the firm, Fox Business Network reported Thursday, citing reporter Charles Gasparino.

Gasparino, quoting sources, said Knight is shopping itself to a number of banks and a sale is the most likely outcome. Knight's stock is down 40% in trading Thursday after it reported $440 million in losses from glitches Wednesday in its electronic trading system.

Full story at www.foxbusiness.com

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