GFI Group Inc. ("GFI Group", "GFI" or the "Company"), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, issued the following statement from the Board of Directors in response to BGC Partners, Inc. ("BGC") tender offer to acquire the outstanding shares of GFI, which is set to expire on February 3, 2015:
"The GFI Board urges shareholders to take no action on the BGC tender offer at this time. As announced on Friday, the GFI Board is actively engaged in a process to explore strategic alternatives with any and all interested parties to maximize shareholder value for all shareholders. These alternatives could include, among others, joint ventures, mergers and/or acquisitions. The Board has previously reviewed the unsolicited BGC tender offer, which contains provisions and conditions that make it highly unlikely to succeed in providing any value for shareholders. The Board urges GFI shareholders not to tender into the BGC tender offer and wait for the Board to conduct its strategic review."