Howard W. Lutnick, chairman and CEOof BGC and chairman of Newmark
NEW YORK CITY—BGC Partners Inc. reports that its Board ofDirectors has approved the distribution of Newmark Group Inc.,shares to BGC stockholders in connection with its upcoming spinoffof Newmark Group.
The spinoff of commercial real estate services firm NewmarkGroup is expected to become effective on Nov. 30, BGC reports. Thestock distribution will be to BGC stockholders of record as of theclose of business on Nov. 23, 2018 (the record date).
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
