M&A Recap: Knight Capital Hires ADVISORS, McGraw-Hill Gets OFFERS
Knight Capital Group, Inc. (NYSE:KCG) has hired Goldman and Sandler O’Neill to look at finding a buyer for itself following the tech glitch horror. The firm’s books have been opened up to private equity firms along with at least one rival. Actually, Knight Capital shares move up mid-afternoon Friday, but remain way below pre-glitch levels.
Don’t Miss: Amex Says Google Deal NEVER Happened.
McGraw-Hill Companies Inc. (NYSE:MHP) announced last week that it’s pondering a divestiture of its education division, rather than a spin-off, and now the unit has received offers from Apollo Global Management. LLC (NASDAQ:APO), and private equity firms Bain Capital, Thomas H. Lee Partners, and Cengage Learning, according to Reuters. The bids might value the entity, which is the world’s second-largest education firm by sales, at around $3 billion.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.