-
GAIN Capital to be acquired by INTL FCStone
Online trading major Gain Capital Holdings Inc (NYSE:GCAP) today announced it has entered into a definitive agreement to be acquired by INTL FCStone Inc. (NASDAQ:INTL). Under the terms of the agreement, INTL FCStone will acquire GAIN in an all-cash transaction. GAIN’s stockholders will receive $6.00 per share, representing approximately $236 million in equity value. The transaction represents a 70% premium to the closing share price of GAIN’s shares on February 26, 2020 and a 60% premium to the volume-weighted average price of GAIN’s stock in the 30 trading days ending on February 26, 2020. The deal coms after ... (full story)