SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13E-4/A
(Amendment No. 2)
Issuer Tender Offer Statement
(Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)
MAXCOR FINANCIAL GROUP INC.
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(Name of Issuer)
MAXCOR FINANCIAL GROUP INC.
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(Name of Person(s) Filing Statement)
(1) Redeemable Common Stock Purchase Warrants
(2) Series B Redeemable Common Stock Purchase Warrants
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(Title of Class of Securities)
(1) 57772G 118
(2) 57772G 126
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(CUSIP Number of Class of Securities)
Roger E. Schwed, Esq.,
General Counsel
Maxcor Financial Group Inc.
Two World Trade Center, 84th Floor
New York, New York 10048
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of the Person(s) Filing Statement)
October 16, 1997
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(Date Tender Offer First Published, Sent or Given to Security Holders)
Page 1 of 6 pages
The Exhibit Index is on Page 4
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This Amendment No. 2 amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4 (the "Statement") filed electronically on October
16, 1997 with the Securities and Exchange Commission by Maxcor Financial Group
Inc. ("Company") in connection with its offer to issue shares of its Common
Stock in exchange for all of the outstanding (i) Redeemable Common Stock
Purchase Warrants and (ii) Series B Redeemable Common Stock Purchase Warrants of
the Company upon the terms and subject to the conditions set forth in the
Company's prospectus dated October 16, 1997 and related Letter of Transmittal.
This Amendment is being filed to report the Company's issuance yesterday of
a Press Release announcing the Company's third quarter earnings, the text of
which is attached hereto as Exhibit 99.9(a)(x), and which is incorporated herein
by reference. Only those items of the Statement that are amended and
supplemented hereby are included herein.
Item 9. MATERIAL TO BE FILED AS EXHIBITS.
Item 9 of the Statement is hereby amended and supplemented by
adding the following information:
(a)(x) Text of Press Release dated November 11, 1997.
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SIGNATURE
After due inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
MAXCOR FINANCIAL GROUP INC.
By: /s/ Gilbert Scharf
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Gilbert Scharf, Chairman of the Board,
Chief Executive Officer and President
Date: November 12, 1997
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EXHIBIT INDEX
Exhibit No. Description Page
99.9(a)(x) Text of Press Release dated November 11, 1997 5
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EXHIBIT 99.9(a)(x)
FOR IMMEDIATE RELEASE Maxcor Financial
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Contact:
Maxcor Financial Group Inc.
Two World Trade Center, 84th Floor
New York, NY 10048
(212) 748-7000, Gilbert Scharf, Chairman
MAXCOR FINANCIAL GROUP INC.
ANNOUNCES THIRD QUARTER RESULTS
NEW YORK November 11, 1997 - Maxcor Financial Group Inc. (NASDAQ: MAXF)
today reported its earnings for its third quarter ended September 30, 1997.
In the third quarter, total revenues decreased to $42,886,935, compared
to $45,076,782 for the comparable period in 1996. Net income declined to
$77,828, or approximately $.01 per common share, compared to $782,036, or $.09
per common share, for the comparable period in 1996.
For the nine months ended September 30, 1997, total revenues were
$130,256,050, compared to $136,162,955 for the comparable period in 1996, and
net income was $1,218,831, or $.14 per common share, compared to $5,383,273, or
$.60 per common share, for the comparable period in 1996.
Maxcor Financial Group Inc. is a financial services holding company.
Through its Euro Brokers subsidiaries, it is a leading domestic and
international inter-dealer brokerage firm specializing in emerging market
products, money market instruments, derivatives, natural gas and electricity,
repurchase agreements and fixed income securities, with principal offices in New
York, London, Tokyo, Toronto, Sydney and Mexico City.
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MAXCOR FINANCIAL GROUP INC.
Selected Financial Data
<TABLE>
<CAPTION>
For the Three For the Three
Months Ended Months Ended
Sept. 30, Sept. 30,
1997 1996
(unaudited) (unaudited)
<S> <C> <C>
Total revenue $ 42,886,935 $ 45,076,782
Net income $ 77,828 $ 782,036
Earnings per share $ 0.01 $ 0.09(1)
Average shares outstanding 8,949,656 8,949,656
For the Nine For the Nine
Months Ended Months Ended
Sept. 30, Sept. 30,
1997 1996
(unaudited) (unaudited)
Total revenue $ 130,256,050 $ 136,162,955
Net income $ 1,218,831 $ 5,383,273
Earnings per share $ 0.14 $ 0.60(1)
Average shares outstanding 8,949,656 8,949,656
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<FN>
(1) For comparative purposes, earnings per share information for the three
month and nine month periods ended September 30, 1996 is pro forma,
presented as if all shares issued in Maxcor Financial's August 1996
acquisition of Euro Brokers had been issued and were outstanding for such
period.
</FN>
</TABLE>
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