(Reuters) - High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG)
ITG shareholders will receive $30.30 in cash for each share, representing a premium of 9 percent to the stock's Tuesday closing price.
The offer also represents a 40 percent premium since reports of a deal first surfaced in October.
Virtu's shares rose 6.5 pct to $26.24 in premarket trading. Shares of ITG, which on Wednesday also reported a better-than-expected third-quarter profit, were trading flat.
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