Investing

Knight Capital to Raise $400 Million

MarketWatch reports:

Knight Capital Group Inc. is close to winning a $400 million infusion from Chicago market maker Getgo and TD Ameritrade among others, as the stock-trading firm scrambles to raise cash in the wake of a painful technology glitch last week, according to reports on Sunday.

Knight Capital is finalizing plans to sell convertible bonds that would change from debt into stock, although specific terms of the deal haven’t been set, according to a report by CNBC.

Douglas A. McIntyre

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