"Knight could fetch roughly $1.1 billion in a sale, Allen estimates. Nearly all of the value would come from its electronic trading business Hotspot and its market making business."
Chris Allen with Evercore said this today . Money in the bank!
Sentiment: Strong Buy
My take is 8 or better.
any moment we will know . . I'm assuming bids on the high end because of all the clientele coming along in the deal.