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Lutnick Says BGC Ready to Buy GFI After CME’s Bid Rejected

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By Matthew Monks and Zeke Faux

January 30, 2015 at 9:43 PM UTC

Updated on

January 30, 2015 at 10:59 PM UTC

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Howard Lutnick said his BGC Partners Inc. is committed to buying GFI Group Inc. after shareholders of the interdealer broker rejected CME Group Inc.’s takeover proposal.

CME called off its $5.85-a-share bid after it was voted down Friday in New York, the Chicago-based company said in a statement. GFI said it would explore alternatives with “any and all interested parties,” while Lutnick said in a separate statement that BGC is ready to buy its rival.