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The Boston Globe

Business

Getco, Virtu make bids for Knight

Two firms have offered to buy the Knight Capital Group, a financial services firm that suffered a $440 million trading loss in August because of a technology error.

One bid, for $3.50 a share in cash and stock, came on Wednesday from the high-frequency trading firm Getco, which three months ago helped rescue Knight from the brink of bankruptcy and acquired a large stake in the firm.

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