Knight Capital to Acquire Asset Manager for Usd20m

M & A Navigator › July 30, 2010

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MANAVIGATOR-July 26, 2010-Knight Capital to acquire asset manager for USD20m (C)2010 M2 COMMUNICATIONS http://www.m2.com

US financial services firm Knight Capital Group (NYSE:KCG) said Monday it has struck a deal to acquire privately-held Astor Asset Management for USD20m (EUR15.5m) in cash and stock in an effort to enter the money management business.

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Knight Capital to Acquire Asset Manager for Usd20m

The company expects to com...

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