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Knight Capital Said to Open Books to Potential Buyers After Loss

Knight Capital Said to Open Books to Potential Buyers After Loss
Thomas Joyce, chairman and chief executive officer of Knight Capital Group Inc. Photographer: Jonathan Fickies/Bloomberg

Knight Capital Group Inc. opened its books today to potential buyers, including private-equity firms and at least one securities-industry rival, as it seeks an investment or takeover to survive after a $440 million trading loss, said two people with knowledge of the matter.

Knight hired Goldman Sachs Group Inc. and Sandler O’Neill & Partners LP for advice in the rescue talks, said one of the people, who spoke on condition of anonymity because the talks are private. The New York-based high speed trading firm is under pressure to strike a deal within days, the people said.

A representative for Goldman Sachs declined to comment. Spokespeople for Sandler O’Neill and Knight didn’t immediately return calls seeking comment.

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