Market questions FXCM's $210 million bid for Gain Capital
FXCM’s shock announcement on April 8 that it intends to purchase Gain Capital for $210.4 million marks a big move towards consolidation in the US retail foreign exchange market, which has struggled to cope with the effects of increased regulation in recent years, and has sparked debate over the value of such a transaction in the beleaguered sector.
FXCM intends to purchase 100% of Gain shares at $5.35 per share, 25% up on the company’s closing share price on April 8, and sell FXCM shares at 0
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