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Knight Capital jumps on Getco buyout offer

November 28, 2012 RSS Feed Print

Getco Holding Co. LLC, based in Chicago, is owned mainly by its partners and executive team. Its only outside investor is General Atlantic, a private equity firm based in Greenwich, Conn. General Atlantic bought a minority equity interest in Getco in 2007.

Knight shares rose 45 cents, or 15.2 percent, to close at $3.42 Wednesday. It traded around $13.50 earlier this year, but scraped bottom at $2.24 after the August disruption.

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Daniel Wagner can be reached at www.twitter.com/wagnerreports.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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