Bloomberg News

Citadel, KKR Said No Longer to Be Looking at Knight

August 05, 2012

Knight Lives Another Day With Short-Term Loan as Clients R

Knight Capital Group Inc.'s $440 million loss compares with net income of $115.2 million in 2011 and is more than the company’s market value of $253 million at the close yesterday, data compiled by Bloomberg show. Photographer: Jin Lee/Bloomberg

Citadel LLC and KKR & Co. are no longer exploring an investment in Knight Capital Group Inc. (KCG:US), according to people familiar with the matter.

Citadel walked away from talks yesterday, said one of the people, who asked not to be named because the discussions are private. Efforts to reach Ken Griffin, founder of Chicago-based Citadel, weren’t immediately successful.

Kristi Huller, a spokeswoman for New York-based KKR, declined to comment.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editor responsible for this story: Larry Edelman at ledelman3@bloomberg.net


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Companies Mentioned

  • KCG
    (KCG Holdings Inc)
    • $10.65 USD
    • -0.01
    • -0.09%
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