A White Knight for Knight Capital
The world did not awake Monday morning to a cold and stiff Knight Capital. An emergency funding deal has kept the market-maker alive, for now. That's of little comfort to stockholders who've nonetheless seen the value of their shares plummet.
Getco, Blackstone, Stephens, Stifel Nicolaus, and TD Ameritrade formed a consortium that injected $400 million into the flailing firm, along with Jefferies, which conceived and structured the deal. Under the terms of the transaction, Knight issued 2 percent
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