| From Marketsmediaonline.com: BGC Partners, a publicly-traded brokerage with a market value of about $1.26 billion, said it will acquire Brazil's largest currency derivatives brokerage, Liquidez, as part of an ongoing global expansion which includes the acquisition of Radix Energy and the merger with eSpeed earlier this year.
BGC Partners has agreed to buy Liquidez for about an even amount of cash and partnership equity which values Liquidez at approximately seven times its expected 2008 post-tax profits. The transaction is expected to close in the first quarter of 2009. BGC declined to disclose the amount of the deal..... Full Article: Source
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