September 01, 2016 BY LeapRate Staff

Leucadia takes a direct interest in FXCM Inc operating units as loan deal reworked

Retail forex broker FXCM Inc (NYSE:FXCM) and investment company Leucadia National Corp (NYSE:LUK) have announced a renegotiation of their loan and 'letter' agreements, which will see Leucadia take a direct 49.9% interest in FXCM's operating companies. FXCM will retain the other 50.1%. The other major changes to the original deal (which was renegotiated once already, to…

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