International Assets Holding Corporation Completes Acquisition of Hanley Group Capital
July 14 2010 - 5:52PM
International Assets Holding Corporation (INTL) (Nasdaq:IAAC) today
announced that on July 9th, 2010, it had completed the acquisition
of the Hanley Group of companies ("Hanley"), which had been
announced on July 6th, 2010.
The Chicago-based Hanley is a trading firm that makes markets in
exchange-traded agricultural options and provides complex
over-the-counter (OTC) structured products for commercial users. As
a result of the all-cash transaction, the Hanley companies have
been combined with the existing OTC trade desk of FCStone Group, a
wholly owned subsidiary of INTL, to provide a completely integrated
solution for the INTL/FCStone global commercial customer base. This
combination brings together the deep relationships of
INTL/FCStone's global brokerage and sales network with the trading
and risk management expertise of Hanley.
Details about the transaction, including the July 6th
announcement and subsequent 8-K filing to the Securities and
Exchange Commission (SEC), can be found on the Investor Relations
section of the International Assets Holding Corporation website at
www.intlassets.com.
About International Assets Holding Corporation
International Assets Holding Corporation (INTL) provides
execution and advisory services in commodities, currencies and
international securities. INTL's businesses, which include the
commodities advisory and transaction execution firm FCStone Group,
serve more than 10,000 commercial customers in more than 100
countries through a network of offices in eleven countries around
the world. Further information on INTL is available at
www.intlassets.com.
Forward Looking Statements
This press release includes forward-looking statements including
statements regarding the combined company. All statements other
than statements of current or historical fact contained in this
press release are forward-looking statements. The words
"believe," "expect," "anticipate," "should," "plan," "will," "may,"
"could," "intend," "estimate," "predict," "potential," "continue"
or the negative of these terms and similar expressions, as they
relate to International Assets Holding Corporation, are intended to
identify forward-looking statements.
These forward-looking statements are based largely on current
expectations and projections about future events and financial
trends that may affect the financial condition, results of
operations, business strategy and financial needs of the combined
company. They can be affected by inaccurate assumptions,
including the risks, uncertainties and assumptions described in the
filings made by International Assets with the Securities and
Exchange Commission. In light of these risks, uncertainties and
assumptions, the forward-looking statements in this press release
may not occur and actual results could differ materially from those
anticipated or implied in the forward-looking statements. When you
consider these forward-looking statements, you should keep in mind
these risk factors and other cautionary statements in this press
release.
These forward-looking statements speak only as of the date of
this press release. International Assets undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Accordingly,
readers are cautioned not to place undue reliance on these
forward-looking statements.
CONTACT: International Assets Holding Corporation
Bill Dunaway
866-522-7188
bdunaway@intlassets.com
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