Tag: Gain Capital acquisition of GFT

September 24, 2013 BY Gerald Segal

Gain Capital (finally) closes acquisition of GFT

Acquisition will actually be net cash positive for Gain Capital. Forex broker Gain Capital (NYSE:GCAP) has announced that it has closed its previously announced acquisition of rival GFT. The deal, first announced in April, followed a month-long flurry of activity which saw FXCM make a takeover bid for Gain, which Gain Capital fought off by…

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April 26, 2013 BY Gerald Segal

FXCM withdraws its offer to buy Gain Capital (Forex.com)

Gain Capital management has succeeded, it seems, in scaring off FXCM by using its cash to buy GFT. When we first reported that Gain Capital was buying GFT and rejecting FXCM's hostile bid, we stated that there were two likely outcomes. Either FXCM (along with certain Gain Capital shareholders, wanting a sale of the company)…

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