Knight Capital Group Inc.’s board plans to meet on Dec. 3 to resume assessing takeover offers from Getco LLC and Virtu Financial LLC, its second gathering in five days, according to a person with knowledge of the matter.
Directors yesterday evaluated bids submitted Oct. 28 without establishing a timeline for a decision, another person said. The group is considering its alternatives and hasn’t ruled out keeping the company independent, the person said. Both declined to be named because the discussions are private. The bids from closely held Getco and Virtu represent differing structures and will force Knight to choose between cash and a value that depends in part on the stock market’s view of Getco.