The boards of NEX Group plc (LON:NXG), CME London Limited and CME Group Inc. CME (NASDAQ:CME) have announced that they had reached an agreement on the terms of a recommended share and cash acquisition of the entire issued and to be issued share capital of NEX. The Acquisition is to be effected by means of a…
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After confirming that preliminary talks were indeed going on behind the scenes about two weeks ago, cross-ocean rival electronic market operators CME Group Inc (NASDAQ:CME) and London listed NEX Group PLC (LON:NXG) have announced that CME will be buying NEX in a £3.9 billion (USD $5.4 billion) cash and shares deal. The proposed transaction has been…
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Derivatives marketplace CME Group (NASDAQ:CME) and NEX Group plc (LON:NXG) have just announced that they have reached an agreement in which CME Group will acquire NEX in a transaction valued at £10 per share, consisting of 500 pence in cash and 0.0444 CME Group shares (based on CME’s closing share price of US$158.84 on March…
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Shares of London based electronic trading firm and exchange operator NEX Group PLC (LON: NXG) were sent soaring by more than 30% on Friday, after the company confirmed last night that it was indeed the subject of an acquisition approach by US rival CME Group Inc (NASDAQ:CME). CME's own shares didn't react much, trading up 0.6% in…
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London based electronic trading firm and exchange operator NEX Group PLC (LON: NXG) issued a press release late Thursday entitled Statement re press speculation, confirming that it has received a preliminary approach by US rival CME Group Inc (NASDAQ:CME) regarding a potential acquisition of NEX by CME. NEX issued the statement after a number of US…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that at an LCG shareholder meeting held earlier today, the company's proposal to delist from the London Stock Exchange and move the company's share listing to the NEX Exchange Growth Market run by NEX Group PLC (LON:NXG) was approved. LCG's last day…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today its trading statement for the third quarter ended 31 December 2017. Full year results for the year ended 31 March 2018 will be announced on 22 May 2018. Michael Spencer, Group Chief Executive Officer of NEX, said: Market volatility…
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LeapRate Exclusive... LeapRate has learned that FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has added one of the most connected people in the London electronic trading scene to its board of directors - Mark Richards (pictured above), the CEO of IPGL Limited. IPGL is the private holding company of Michael Spencer, founder and CEO of NEX…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to hold a shareholder vote on delisting the company’s shares from trading on the London Stock Exchange AIM market on February 6. When LCG originally announced its plans to delist from the LSE in late December,…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to delist the company's shares from trading on the London Stock Exchange's AIM market. LCG didn't give an exact date for the delisting, just that it would convene a shareholders meeting to vote on the matter…
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