FXCM in Talks for Rescue Package From Jefferies
January 16 2015 - 2:20PM
Dow Jones News
FXCM Inc. is in talks with Jefferies Group LLC for a rescue
package of $200 million to $300 million, according to a person
familiar with the matter.
A private-equity capital injection is another option for the
beleaguered foreign-exchange broker, the person said. However, a
deal with Jefferies was seen as likely to happen faster, possibly
as soon as Friday, said the person.
Jefferies is part of Leucadia National Corp. Stock trading in
Leucadia was recently halted. FXCM trading was halted ahead of the
opening bell.
News of the talks was earlier reported by other media
organizations, including Reuters.
Write to Telis Demos at telis.demos@wsj.com
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