BGC Group Wraps Up OTC Global Buyout: Should You Buy BGC Stock Now?

BGC Group, Inc. (BGC) has completed the acquisition of OTC Global Holdings, LP, one of the fastest-growing energy and commodities brokerage firms.Sean Windeatt, Co-CEO of BGC Group, said, “The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world's premier energy, commodities, and shipping broker.”BGC paid $325 million in cash for OTC Global and expects the deal (announced in October 2024) to be immediately accretive to its financials. Moreover, ...