OzForex allocates $2.66M to retain key execs in light of Western Union bid LeapRate

December 14, 2015 BY Maria Nikolova

OzForex allocates $2.66M to retain key execs in light of Western Union bid

A follow-up to LeapRate's earlier story on the Western Union Company (NYSE:WU) submitting an acquisition proposal for Ozforex Group Ltd (ASX:OFX), an international provider of online payment services... OzForex announced today that in light of the bid, its Board has determined to allocate a total retention pool of $2.66 million to six key executives who assumed…

December 08, 2015 BY Maria Nikolova

ICE set to close acquisition of Interactive Data Corporation around December 14th

International network of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) has just provided an update regarding the acquisition of Interactive Data Corporation (Interactive Data), which was initially unveiled in October this year. ICE said today that it has secured all necessary regulatory approvals and now expects to close the deal on or around December…

December 08, 2015 BY Maria Nikolova

Playtech's appeal against CBI decision on AvaTrade deal is successful

Playtech PLC (LON:PTEC) has just provided an update regarding its appeal against the Central Bank of Ireland (CBI) decision to oppose the planned acquisition of retail Forex broker AvaTrade. Playtech said that the appeal was allowed by the Irish Financial Services Appeals Tribunal, with the consent of the CBI, on the grounds of error in the…

December 02, 2015 BY Maria Nikolova

FXCM finalizes sale of FXCM Securities to AS Expobank

US Forex broker FXCM Inc (NYSE:FXCM) today announced the completion of the sale of FXCM Securities Limited to AS Expobank. The report comes several months after LeapRate exclusively reported of FXCM's plans to sell this business to Expobank. FXCM Securities was FXCM's brokerage specializing in exchange traded equities, futures, and options, which was acquired in 2010,…

December 01, 2015 BY Maria Nikolova

Rakuten Securities to stop offering DailyFX Japan services

Rakuten Securities, the brokerage arm of Rakuten Inc (TYO:4755), which earlier this year took over FXCM Japan, has decided to terminate the offer of DailyFX Japan services to its clients. The service will no longer be available from December 18, 2015. Rakuten reiterates that its clients can make use of other market research & analysis…

November 30, 2015 BY Maria Nikolova

FIS finalizes acquisition of SunGard

Fidelity National Information Services (NYSE:FIS), provider of banking and payments technology, consulting and outsourcing solutions, today announced the completion of its acquisition of financial software and technology services company SunGard. The acquisition creates a combined entity with more than 55,000 employees and $9.3 billion in revenue on a pro-forma basis. In connection with the acquisition,…

November 30, 2015 BY Maria Nikolova

Former Playtech COO Shay Segev joins GVC Holdings

Online gaming operator GVC Holdings PLC (LON:GVC) today announced the appointment of Shay Segev to the newly established role of Chief Operating Officer. Mr Segev is a former Chief Operating Officer of Playtech PLC (LON:PTEC) and is considered one of the leading technology and product experts in the online gaming industry. In this new role,…

November 27, 2015 BY Maria Nikolova

Betfair, Paddy Power shareholders to vote on proposed merger on Dec 21st

A short note on the proposed acquisition of Betfair Group Ltd (LON:BET) by Paddy Power plc... The companies today announced that the proposed deal will be put to vote on December 21, 2015. To become effective, the Scheme of arrangement of the deal will need to be approved at Betfair's Court Meeting and will require…

November 27, 2015 BY Maria Nikolova

IG Group acquires investment solutions provider InvestYourWay

There is more news on the mergers and acquisitions front, as leading online trading services provider IG Group Holdings plc (LON:IGG) today announced the completion of the acquisition of InvestYourWay. InvestYourWay is a discretionary investment management service that enables creation of various solutions tailored to clients' needs. We had reported about a year ago that…

November 24, 2015 BY Maria Nikolova

Ladbrokes' shareholders approve proposed Gala Coral merger

Gaming and betting provider Ladbrokes PLC (LON:LAD) has just announced the results of a General Meeting of shareholders held earlier today. The main purpose of the meeting was for shareholders in Ladbrokes to have their say on a set of resolutions regarding a recommended offer for a merger of Ladbrokes with certain businesses of Gala…

Tag: M&A