BGC Group announces agreement to acquire OTC Global Holdings, a global energy brokerage

BGC Group, Inc.

Acquisition of OTC Global Holdings, the largest independent institutional energy and commodities brokerage firm.
Transaction is substantially all cash, subject to customary closing conditions and regulatory approvals.
Howard Lutnick (BGC CEO) said OTC's talent and ECS business complement BGC's platform.
Joe Kelly (OTC CEO) said combined platform will deliver unparalleled value to clients worldwide.
Jefferies LLC acted as exclusive financial advisor to OTC Global Holdings.

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