Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding, has struck a deal to sell its credit-brokerage unit to Stifel Financial, a person familiar with the matter told Reuters.
The terms of the deal were not known. But Stifel will be picking up investment-grade, high-yield, asset-backed and mortgage-backed debt brokers in the U.S. and Europe through the deal the source said.
The deal could be announced as soon as Monday, according to the source, who spoke on the condition of anonymity because the sale has not yet been made public. The news was previously reported by Bloomberg News earlier on Sunday.