Gain Capital Holdings Inc (NYSE:GCAP), which in April this year closed the acquisition of City Index (Holdings) Limited, has just published a detailed SEC filing regarding the financial performance of City Index for the fiscal years to March 31, 2014 and March 31, 2015. Along with this audited metrics, GAIN also published City Index's financial results…
Read moreFollowing an announcement from this morning about the termination of the proposed acquisition of Plus500 Ltd (LON:PLUS) by Playtech PLC (LON:PTEC) due to regulatory issues, shares in both companies opened way below Friday close levels. At London market open today, one share in Plus500 traded per 280p, much lower than the 400p per share that Playtech…
Read moreInternational network of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) on Thursday said it priced an underwritten public offering of $2.5 billion in new senior notes, with the proceeds to be used for funding the cash part of the acquisition of Interactive Data Corporation, announced last month. The senior notes comprise $1.25 billion in…
Read moreA lot has been going on the mergers and acquisitions front lately, with the freshest news in this respect provided from Ozforex Group Ltd (ASX:OFX), an international provider of online payment services. OzForex has just confirmed that it has received a takeover approach from the Western Union Company (NYSE:WU). Under the preliminary, non-binding, indicative conditional…
Read moreLadbrokes PLC (LON:LAD), a gaming and betting provider, today had to defend the rationale for the proposed merger with the Coral Group, following stark criticism from one of Ladbrokes' shareholders - Dermot Desmond. Mr Desmond has published an open letter slamming the proposed deal and simply calling it “bad”. His arguments include what has already become…
Read moreOnline brokerage TradeKing Group, Inc. today announced that its acquisition of MB Trading has officially closed. This acquisition further expands the scope of TradeKing’s services as the company continues to build a diversified financial services firm to respond to the needs of various types of traders and investors. For the time being, both TradeKing Securities and…
Read moreFollowing today's announcement from Playtech PLC (LON:PTEC) that the Financial Conduct Authority decision on the proposed £460 million acquisition of Forex and CFD broker Plus500 Ltd (LON:PLUS) is expected in December 2015, meaning another delay, the broker also published a statement. Plus500 says that: The terms of the Merger Agreement are such that it may be…
Read morePlaytech PLC (LON:PTEC), which in June submitted a £460 million acquisition bid for retail CFD and Forex broker Plus500 Ltd (LON:PLUS), today provided another update on how the approval process for the deal is progressing. The company said that expects the Financial Conduct Authority (FCA) decision in connection with the proposed acquisition of Plus500 in December…
Read moreMore news on the M&A front, as BGC Partners, Inc. (NASDAQ:BGCP) and its majority-owned division GFI Group Inc. have just announced an agreement to sell Trayport, a provider of trading and aggregation software in the global OTC energy and commodities markets, to Intercontinental Exchange Inc (NYSE:ICE). The GFI sellers will receive $650 million in ICE…
Read moreShareholders in GVC Holdings PLC (LON:GVC) and bwin.party Digital Entertainment Plc (LON:BPTY), owner of CFD and spread betting broker InterTrader, will vote on the proposed $1.7 billion acquisition of bwin.party at meetings to be held on December 15, 2015. The boards of GVC and bwin.party announced today that the circular in relation to the Scheme of…
Read more