Knight Capital says gets $400M rescue

Chicago : IL : USA | Aug 06, 2012 at 5:00 AM PDT

Source: Chicago Tribune

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The firms will buy 2 percent convertible preferred stock to save Knight, which was brought to its knees last week by a software glitch that caused errant trading in dozens of stocks...The preferred shares are convertible into about 267 million shares of common stock, Knight said in a U.S. FULL ARTICLE AT Chicago Tribune

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