Goldman Bought Knight Positions in Late Wednesday Block Sale, Charged $440 Million -CNBC
08/03/2012| 02:51pm US/Eastern
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Goldman Sachs Group Inc. (>> Goldman Sachs Group, Inc.) helped Knight Capital Group Inc. (>> Knight Capital Group Inc.) unwind its unintended stock purchases late Wednesday, buying Knight's unwanted positions in one block sale, CNBC reported, citing people familiar with the matter.
Goldman charged $440 million for the transaction, the people said.
CNBC reported that Knight has three business days to settle.
In a statement early Thursday, Knight said it had "traded out of its entire erroneous trade position, which has resulted in a realized pre-tax loss of approximately $440 million."
The New York Times reported Friday that Knight is in discussions for a potential sale of its futures brokerage unit with R.J. O'Brien and other potential buyers, citing people briefed on the matter.
The Times report also mentioned Peak6 as a potential buyer of Knight assets.
Full story at http://www.cnbc.com/id/48489000 and http://dealbook.nytimes.com/2012/08/03/knight-said-to-hold-talks-to-sell-futures-brokerage-unit/
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