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Buyers eye Knight Capital as customers stay away
Aug 3rd, 2012
(Reuters) - Knight Capital Group Inc scrambled to stay alive for survival on Friday as buyers combed through the company's books while the firm remained largely absent from its usual job of buying and selling stocks two days after it lost most of its capital. At least one private equity firm had signed a non-disclosure agreement, a signal that it was looking at Knight's books for a potential acquisition or investment. Other private equity firms said they would be looking at Knight, which lost $440 million after a software glitch flooded the stock market with errant trades on Wednesday. ... (Source: Reuters) -
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