Knight reportedly opts for Getco's bid

Getco sweetened its offer for Knight Capital Group, prompting the Wall Street firm to opt for a takeover by the Chicago company, sources said. Knight opted for the Getco bid over an all-cash offer from Virtu Financial, the sources said. "This is definitely a coming-out moment for Getco," said Michael Wong of Morningstar. Knight CEO Thomas Joyce reportedly will become executive chairman of the combined company.

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