Newmark Group - 500 Beiträge pro Seite

[R-BgO]

wird diese Woche IPOen und bald danach sollen die von der Mutter Thread: BGC Partners gehaltenen Aktien an die BGC-Aktionäre ausgekehrt werden;

bin gespannt.

[R-BgO]

https://therealdeal.com/issues_articles/a-wide-open-lane-for…

[R-BgO]

[R-BgO]

Antwort auf Beitrag Nr.: 56.424.677 von R-BgO am 11.12.17 17:02:20

dauert noch:

[R-BgO]

Antwort auf Beitrag Nr.: 57.697.146 von R-BgO am 04.05.18 17:16:01

jetzt aber:

BGC PARTNERS ANNOUNCES SPIN-OFF OF NEWMARK

NEW YORK, Nov. 13, 2018 /PRNewswire/ --

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners", "BGC", or "the Company"), a leading global brokerage and financial technology company, today announced that its Board of Directors (the "Board") has approved the distribution of all of the shares of Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark") held by the Company to stockholders of BGC. The Company will distribute these Newmark shares through a special pro rata stock dividend (the "Spin-Off" or "Distribution").

The Spin-Off will be effective as of 12:01 a.m., New York City time, on November 30, 2018 (the "Distribution Date") to BGC stockholders of record as of the close of business on November 23, 2018 (the "Record Date"). Based on the number of common shares of BGC outstanding as of November 7, 2018, the Company estimates that, in the Distribution, stockholders of BGC Partners Class A common stock will receive approximately 0.4613 of a share of Newmark Class A common stock for every one share of BGC Partners Class A common stock held as of the Record Date. Following the Spin-Off, BGC will no longer hold any shares of Newmark.


Management Comments

"We are pleased to have completed the steps necessary to separate Newmark from BGC," said Howard W. Lutnick, Chairman and Chief Executive Officer of BGC and Chairman of Newmark. "The Spin-Off will enhance Newmark's ability to execute its successful growth strategy and to create value for its investors as a focused Real Estate Services company. BGC's Financial Services business expects to deliver strong returns to its stockholders as it invests in technology, hires profitably, and acquires accretively."


Additional Information Regarding the Spin-off Transaction

Newmark's Class A float will increase from approximately 23 million shares to approximately 150 million shares as a result of the Spin-Off. The Newmark shares to be distributed will be delivered in book-entry form, subject to certain exceptions, at the effective time of the Distribution, and BGC Partners stockholders who hold their shares through brokers or other nominees will have their Newmark common shares credited to their accounts by their brokers or other nominees. The Spin-Off is intended to qualify as generally tax free to BGC stockholders for U.S. federal income tax purposes.

On or about November 26, 2018, BGC will send an information statement detailing the Distribution to its stockholders of record on the Record Date. BGC will post the information statement, along with an investor presentation discussing the Distribution, on its Investor Relations website at http://ir.bgcpartners.com. These materials will also be available at http://ir.ngkf.com.

The Spin-Off is subject to certain conditions which are expected to be satisfied on or prior to the Distribution Date and described in the information statement. No vote or action is required by BGC Partners stockholders in order to receive the distribution of shares of Newmark common stock in the Distribution.

For more information on the Spin-Off, including a discussion of trading in shares of BGC and Newmark prior to the Record Date and up to and including the Distribution Date, please see BGC's Securities and Exchange Commission filing on Form 8-K, which is expected to be filed shortly.

[R-BgO]

hier mit Bezug zur WKN

Thread: Newmark Group