Deals
Gain Capital Rebuffs FXCM Takeover, Buys Global Futures & Forex
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Gain Capital Holdings Inc., a provider of online foreign-exchange trading services, rejected a proposed acquisition by FXCM Inc. and instead agreed to purchase Global Futures & Forex Ltd.
FXCM made an unsolicited stock offer of $195 million for Gain Capital on April 8. The proposed transaction would “significantly undervalue” Gain Capital, the Bedminster, New Jersey-based company said today in a statement.