Form 8-K GAIN Capital Holdings, For: Oct 31

Go back to Form 8-K GAIN Capital Holdings, For: Oct 31

Gain Capital (GCAP) Prelim. Q3 Results Top Expectations

October 31, 2014 6:27 AM EDT

Gain Capital (NYSE: GCAP) announced preliminary results for the third quarter ended September 30, 2014. Net revenues for the third quarter ended September 30, 2014 were a record $102.8 million, an increase of 69% from $60.8 million from a year earlier. Adjusted EBITDA for the period was $26.6 million, an increase of... More

Gain Capital (GCAP) to Acquire City Index in Net $82M Deal

October 31, 2014 6:26 AM EDT

Gain Capital (NYSE: GCAP) has entered into a definitive agreement to acquire City Index (Holdings) Limited ("City Index"), a leading online trading firm specializing in contracts-for-difference (CFDs), forex and UK spread betting, for approximately $118 million, or a net purchase price of $82 million, including $36 million in cash on the company's balance sheet.

The combination of GAIN Capital and City Index creates a global leader in online trading, operating two market-leading brands in GAIN's FOREX.com, a top retail forex brand globally, and City Index, a premier CFD and spread bet brand. The combined company will... More