BGC Group (BGC) said Tuesday that it has agreed to acquire OTC Global Holdings to expand and diversify its global energy, commodities, and shipping business.
The company said it expects to acquire OTC Global in a "substantially all-cash" transaction but did not disclose further financial details.
OTC Global is an independent institutional energy and commodities brokerage firm with operations across North America, Europe and Asia, BGC said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments