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POTENTIAL DEAL DETAILS
| Stock | Virtu Financial, Inc. | Symbol | VIRT |
| Date Announced | 12/17/2024 | Source | Press Release |
| Type | Activist Investor |
The Pulte Family Office, an activist shareholder in Virtu Financial (VIRT) and the founding family of PulteGroup (PHM), called upon Virtu Financial to sell itself to either a third-party private equity firm or to another public company.
“We strongly encourage the Board of Directors of Virtu Financial to pursue strategic alternatives, including but not limited to selling themselves to an owner who can unlock the true potential of Virtu,” said William Pulte, Chairman of The Pulte Family Office. “If the company does not elect to explore a sale, we may be forced to bring forth a proxy contest or other actions as appropriate, legal, and necessary.”
Virtu Financial, Inc. Investor Relations
Update(s):
December 20, 2024: The Pulte Family Office announced that they are supporting Apollo Global Management (APO) in their potential buyout of Virtu (VIRT). “We believe Virtu Financial in the hands of a shrewd owner like Apollo is in the best interests of shareholders, and therefore we are prepared to invest up to $100 million into a transaction with Apollo and strongly support the sale of the asset to Apollo.”
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.