BGC Group Completes Sale of kACE Financial
BGC Group, Inc. - Class A (BGC)
Last bgc group, inc. - class a earnings: 8/2 04:20 pm
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Source: Business Wire
Transaction valued at up to $119 million and demonstrates BGC’s ongoing commitment to unlock value for shareholders. NEW YORK--(BUSINESS WIRE)--BGC Group, Inc. (Nasdaq: BGC) (“BGC” or “the Company”) today announced the closing of the sale of kACE Financial (“kACE”), a leading provider of real-time pricing and advanced analytics platforms for complex FX derivatives, to smartTrade Technologies SAS (“smartTrade”), a global leader in multi-asset electronic trading and payments solutions.Under the terms of the purchase agreement, smartTrade acquired kACE for up to $119 million, subject to limited post-closing adjustments. This includes an initial payment of $80 million, with up to an additional $39 million in contingent cash consideration based on defined performance metrics some of which is expected to be received in 2026.Any gains associated with the sale are expected to be included in BGC’s consolidated results under U.S. GAAP but are expected to be excluded from the Company’s result
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News
- BGC Group to Report Fourth Quarter 2025 Financial Results on February 12, 2026Business Wire
- A Look At BGC Group (BGC) Valuation As Long Term Returns Contrast Recent Share Price Weakness [Yahoo! Finance]Yahoo! Finance
- BGC Group Completes Sale of kACE Financial [Yahoo! Finance]Yahoo! Finance
- BGC Group Updates its Outlook for the Fourth Quarter of 2025Business Wire
- Is BGC Group (BGC) Undervalued After Its Recent Share Price Pullback? [Yahoo! Finance]Yahoo! Finance
BGC
Earnings
- 11/6/25 - Beat
BGC
Sec Filings
- 12/29/25 - Form 8-K
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- BGC's page on the SEC website