tedkov
5 years ago
GAIN Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
February 27, 2020
Tags: United States GAIN Capital INTL FCStone Corporate Affairs Mergers & Acquisitions
A group of GAIN Capital Holdings, Inc. shareholders are attempting to block the $236 million purchase of the company by INTL FCStone Inc. Under terms of the definitive merger agreement, INTL will acquire GAIN for $6.00 per share.
The deal would represent a modest premium of approximately 12% to to GAIN's tangible book value. The deal is slated to close mid-year, pending approval by regulators and a majority of GAIN's shareholders.
The shareholders allege that the purchase price of $6.00 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of GAIN obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
GAIN Capital investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of GAIN for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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SHEEPWOLF
7 years ago
I totally agree; GCAP can be absolutely huge. Look at this recent accumulation. INCREDIBLE!
$GCAP: MILLIONS OF DOLLARS IN ACCUMULATION, EVEN DARK POOL TRADES LAST WEEK. A GLOBAL LEADER IN ONLINE TRADING
GAIN Capital provides active traders and institutions with exceptional liquidity, technology and service to trade global markets. Could be the biggest bitcoin/blockchain play of 2018
http://www.gaincapital.com/
GCAP DD:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137590366
JAN 10,2018
JAN 11,2018
JAN 12,2018
SENVEST MANAGEMENT, LLC just opened a $37M position
Big money accumulating
http://www.nasdaq.com/symbol/gcap/institutional-holdings
Dark Pool:
https://www.investopedia.com/terms/d/dark-pool.asp
DD: https://investorshangout.com/post/view?id=4905622