BGC PARTNERS, INC. 499 PARK AVENUE NEW YORK, NY 10022 BGC Partners Class A common stock and BGC Partners Class B common stock, respectively, as of the close of business, New York City time, on November 23, 2018 (which we refer to as the record date). As of November 23, 2018, there were approximately 284.3 million shares of BGC Partners Class A common stock and approximately 45.9 BGC Partners Announces Distribution Ratio for Spin-Off of ... Nov 26, 2018 · Based on the number of shares of BGC common stock outstanding as of the close of business on the Record Date, stockholders of BGC Partners Class A common stock will receive 0.463895 of a share of Newmark Class A common stock in the Distribution for every one share of BGC Partners Class A common stock held as of the Record Date. 2 Following the BGC Partners Announces Distribution Ratio for Spin-Off of ... Newmark's Class A common stock float will increase from approximately 23 million shares to approximately 155 million shares as a result of the Spin-Off.3 The Newmark shares to be distributed will be delivered in book-entry form, and BGC Partners stockholders who hold their shares of BGC Class A common stock through brokers or other nominees
Distribution, and BGC Partners stockholders who hold their shares through brokers or other nominees will have their Newmark common shares credited to their accounts by their brokers or other nominees. The Spin-Off is intended to qualify as generally tax free to BGC stockholders for U.S. federal income tax purposes.
BGC Partners (BGCP) Carves-Out Newmark (NMRK) in IPO. On December 15, 2017, Newmark Group, Inc (NASDAQ: NMRK, $13.95, Market capitalization: $2.1 billion) announced the pricing of its initial public offering (IPO) of 20 million shares at a price of $14.00 per share, for a total net proceeds of $276.2 million. Newmark - Investors - About Newmark - FAQ The Spin-Off is intended to qualify as generally tax free to BGC stockholders for U.S. federal income tax purposes. Stockholders of BGC Partners Class A common stock received 0.463895 of a share of Newmark Class A common stock in the Distribution for every one share of BGC Partners Class A common stock held. BGC Partners - Wikipedia In November 2009, BGC Partners won Asia Risk Magazine's first ever award for Technology Development. On April 1, 2013, NASDAQ OMX Group agreed to acquire an electronic Treasurys marketplace from brokerage firm BGC Partners Inc. in a cash-and-stock … BGC Partners, Inc. (BGCP) stock forum & discussion – Yahoo ...
1 This includes the shares of Newmark Class A and Class B common stock owned by BGC, as well as the shares of Newmark common stock into which the limited partnership units of Newmark Holdings, L.P.
Jun 25, 2019 November 30, 2018 (the “Spin-Off” or “Distribution”). This includes the shares of Newmark Class A and Class B common stock owned by BGC, Feb 29, 2020 holders of BGC Class B common stock were Cantor and another entity controlled by our CEO, Howard W. Lutnick ). Following the Spin-Off,
Spinoffs – InsideArbitrage
Find the latest BGC Partners, Inc. (BGCP) stock discussion in Yahoo Finance's forum. Share your opinion and gain insight from other stock traders and investors. Nov 14, 2018 On Tuesday, November 13, 2018, BGC Partners, Inc. (BGCP) announced a spin- off of all of the shares of Newmark Group, Inc. held by the
Newmark Spin-off Details On November 30, 2018, BGC Partners (BGC) will distribute 0.4613 shares of Newmark Class A shares for every Class A share of BGC. NMRK originally IPO’d ~15% of its shares in December 2017 at $14/share. It is currently trading at ~$9.
BGC Partners, Inc Class A Common Stock (BGCP) News Headlines. Nov 4, 2019. The Implied Analyst 12-Month Target For OSIZ. Aug 22, 2019. 2 Stocks We're … Spinoffs – InsideArbitrage In the spin-off, DryShips will distribute to holders of its common stock 49% of the issued and outstanding shares of Gas Ships Limited's common stock. Following the spin-off, Gas Ships Limited will be a publicly-traded company, and DryShips will retain a 51% ownership interest in Gas Ships Limited. SureFly, Inc.
Feb 15, 2020 · The Company will distribute these Newmark shares through a special pro rata stock dividend (the "Spin-Off" or "Distribution"). The Spin-Off will be effective as of 12:01 a.m., New York City time,