Brief: Intl Fcstone Agrees To An All-Cash Acquisition Of Gain Capital Holdings, Inc. At $6.00 Per Share

Stonex

27/02/2020 13:08

Feb 27 (Reuters) - INTL FCStone Inc  INTL.O :
    * INTL FCSTONE INC. AGREES TO AN ALL-CASH ACQUISITION OF
GAIN
CAPITAL HOLDINGS, INC. AT $6.00 PER SHARE
    * INTL FCSTONE INC - ANTICIPATE DEAL WILL BE IMMEDIATELY
ACCRETIVE
TO RETURN ON EQUITY AND EARNINGS
    * INTL FCSTONE - SEAN O'CONNOR TO LEAD COMBINED FIRM, WHILE
GAIN
CEO GLENN STEVENS WILL CONTINUE TO LEAD FORMER GAIN BUSINESS
WITHIN INTL FCSTONE
    * INTL FCSTONE INC - AS PART OF DEAL, INTL INTENDS TO MAKE
AN
OFFER AT CLOSING TO REPURCHASE GAIN'S $92 MILLION CONVERTIBLE
NOTES DUE 2022

Source text for Eikon:  ID:nGNXyjwwJ 
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 ((Reuters.Briefs@thomsonreuters.com;))