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As per the agreement, financial services provider INTL FCStone would acquire Gain for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. NTL FCStone has also agreed to make an offer at closing to repurchase GAIN Capital’s $92 million convertible notes due 2022 as part of the transaction.
Financial services provider INTL FCStone announced later last month the approval of the company’s rebranding to StoneX Group in a majority vote at the its shareholder meeting. The company will trade under the symbol SNEX, effective 6 July.
The post Canadian regulator approves StoneX acquisition of GAIN Canada appeared first on LeapRate.
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