GAIN Capital Holdings Provides Information to the Shareholders
July 31, 2020 at 06:40 pm IST
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On July 31, 2020, GAIN Capital Holdings, Inc announced that pursuant to the Agreement and Plan of Merger (the Merger Agreement) dated February 26, 2020, among GAIN Capital Holdings, Inc., INTL FCStone Inc. (now known as StoneX Group Inc.), a Delaware corporation (Parent) and its wholly owned subsidiary, Golf Merger Sub I Inc., a Delaware corporation (Merger Sub), Merger Sub was merged with and into the Company, with the Company continuing as the surviving corporation of the merger (the Surviving Corporation) as a wholly owned subsidiary of Parent (the Merger). The Company stated that it has notified the New York Stock Exchange that the Merger was consummated. In addition, the Company anticipates that the NYSE will file a delisting application on Form 25 with the SEC on July 31, 2020 to report the delisting of the Company Stock from the NYSE. Hence, the campaign is deemed to be withdrawn.
GAIN Capital Holdings, Inc. (GAIN) provides active traders and institutions with liquidity, technology and service to trade global markets. The Company is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company's segments include Retail and Futures. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex. Its futures segment offers execution and risk management services for exchange-traded futures and futures options on the United States and European exchanges.