I have been surprised that the SP hadn't been higher than today, at a much earlier date.
People haven't seemed to understand that the shares of the NEW company will most likely be trading for 2 to 3 times the $3.75 that is being offered to KCG shareholders that choose cash over the new shares.
It seems to be a no brainer to me, but perhaps some people think that the merger isn't a sure thing or that waiting for the issuance of the new shares for a possible 2 to 3 bagger isn't worth having their money tied up in the old KCG shares while waiting through the 2nd quarter for the merger to be competed and new shares to be issued and trading of them to start?
I really believe that the new shares will be selling for at least $10 this year, and most probably higher!
With the KCG SP finally staying above $3.75, perhaps other people are willing to pay a premium to the cash value of the surrender price of the old shares, after they are finally seeing the probable near term profits that they will gain when their shares in the NEW company start trading?
Good luck to the KCG shareholders!
If you trade 1 share of KCG for 1 share of the new stock to be issued once the buyout is complete you should make mucho bucks......the buy out price was based on the book value of KCG which was greatly deflated by the trading loss....the price did not include any money for Getco...surely they are worth lots of $$.....my guess is $