Press Release

White & Case Represents Special Committee of GFI Group in Completion of Tender Offer by BGC Partners

Global law firm White & Case LLP represented the Special Committee of the Board of Directors of GFI Group Inc. (NYSE: GFIG) in the successful completion of a tender offer by BGC Partners, Inc. (NASDAQ: BGCP) for all of the outstanding shares of GFI for $6.10 per share in cash. The deal is estimated to be valued at approximately $778 million.

The closing of the tender offer is the result of a competitive bidding process. For several months, CME Group, a futures exchange operator, had been engaged in a bidding war with BGC Partners for GFI Group. However, GFI Group’s shareholders voted down the CME Group proposal. The GFI board then negotiated the terms of a tender offer agreement and gave its unanimous support for the BGC deal which closed on February 27, 2015.

The transaction represents a complex, unsolicited M&A transaction and the Firm continues to represent the Special Committee in ongoing shareholder litigation matters in New York and in the Delaware Court of Chancery in front of Vice Chancellor Travis Laster.

The White & Case deal team included partners Mort Pierce, Bryan Luchs, Bill Dantzler, Glenn Kurtz, Andrew Hammond and Henrik Patel, all of the Firm’s New York office.

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