According to Bloomberg, Investment Technology Group (ITG) approached by Virtu Financial (VIRT)

  • October 5, 2018

POTENTIAL DEAL DETAILS

Stock Investment Technology Group, Inc. Symbol ITG
Date Announced 10/04/2018 Source Bloomberg
Type News Report
Date of Confirmation: 11/07/2018 Price at Confirmation: $27.75
Potential Profit: 0.36% Annualized Profit: 3.88%

High-speed trading firm Virtu Financial Inc. (VIRT) is seeking to acquire independent brokerage Investment Technology Group Inc. (ITG) as pressure mounts for proprietary traders to branch out.

Update(s):

November 07, 2018: Virtu Financial, Inc. (VIRT) today announced that it has entered into a definitive agreement to acquire Investment Technology Group, Inc. (ITG), which has been unanimously approved by the Board of Directors of ITG and Virtu. Virtu has agreed to acquire ITG in a cash transaction valued at $30.30 per ITG share.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.