GAIN Capital (GCAP) Adopts 'Poison Pill' Following FXCM Bid
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FXCM (FXCM) Places Bid for Gain Capital (GCAP); Equates to $5.35/Share
April 9, 2013 8:43 AM EDTFXCM Inc. (NYSE: FXCM) announced it is proposing to merge with and acquire Gain Capital Holdings LLC (NYSE: GCAP).
The proposal was communicated this evening in a letter from FXCM to Gains Board of Directors, to inform them of FXCMs desire to reach agreement on a transaction that would create the industry leader in online FX trading.
The proposed transaction would give Gain shareholders 0.3996 shares of FXCM Class A common stock for each share of Gain common stock. Based on FXCMs closing... More
