KCG cancels its annual shareholders meeting following Virtu acquisition proposal

KCG Holdings Inc. Class A (NYSE:KCG) today announced that its board of directors has cancelled the company’s 2017 Annual Meeting of Stockholders previously scheduled for May 10, 2017 at 1:00 p.m. Eastern Standard time.

On April 20, 2017, KCG announced that it had reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG’s Class A Common Stock for $20.00 per share in cash. The merger is subject to approval by KCG’s stockholders, regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2017.

The Company expects that the current members of its board of directors will continue as directors until the completion of the merger.  KCG will publicly announce the date and time of the stockholders’ meeting to vote upon the merger agreement once it is determined by the company’s board of directors.

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