One weary Tullett insider says: “When GFI’s stock was at $105 it was: ‘GFI is buying Tullett.’ Now [GFI is] back at $85 and we’re pushing [Tullett] back up towards £5 it’s: ‘Tullett is buying GFI’. I think with so little love lost between the two organizations it’d be a tough one to broke. In December, Colin Hefron [president of GFI] had all the top boys in London into a room and gave a lengthy presentation on GFI: where they were going and why they would never do a deal with Tullett Prebon.
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