BGC Partners, eSpeed combine

By Lisa Kerner

Charlotte, N.C., April 1 - BGC Partners, Inc. said it completed its merger with eSpeed, Inc. as planned on Tuesday.

The merger agreement was first announced in May 2007.

eSpeed shareholders voted to approve the merger on March 14.

It was previously reported that BGC Partners would be merged with and into eSpeed, with eSpeed surviving the merger.

The new company will be renamed BGC Partners, Inc. and will trade on the Nasdaq Global Select Market under the symbol "BGCP."

eSpeed said previously that it would issue a total of 133.86 million shares of its common stock and rights to acquire shares of its common stock. eSpeed's shares were valued at $9.75 per share, or a 6.09% premium to the closing price of the company's stock on the day before the agreement.

eSpeed is a New York-based trading technology company.

BGC is an inter-dealer broker that provides integrated voice and electronic execution and other services to banks, brokerage houses and investment banks. The company is based in London.

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