News & Announcements

Weil Advises Morgan Stanley in Committed Financing for BGC Partners’ Hostile Bid for GFI Group

A Weil team advised Morgan Stanley in providing committed financing for BGC Partners Inc. (BGC), a leading global brokerage company servicing the financial and real estate markets, in its $675 million hostile offer for rival GFI Group (GFI). BGC, which already owns 13.5% of the target’s shares, is offering $5.25 per share in cash for GFI, a 15% premium to a competing $4.55 offer CME Group Inc. has made to acquire GFI.

The Weil team advising Morgan Stanley was led by Banking & Finance partner Danek Freeman, and included Banking & Finance associates Peter Puk, Tomasz Kulawik and Wansi Leung; Capital Markets partner Matthew Bloch and associates Faiza Rahman and Jessica Wang; Mergers & Acquisitions partner Raymond Gietz and associate Mandy Price; and Regulatory partners Chip Roh and Steven Tyrrell.

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