Key Developments: FXCM Inc (FXCM.N)
14.67USD
21 May 2013
$-0.14 (-0.95%)
$14.81
$14.85
$14.85
$14.62
34,269
46,922
$15.00
$8.55
Latest Key Developments (Source: Significant Developments)
FXCM Inc Declares Quarterly Dividend
FXCM Inc announced that its board of directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on July 1st, 2013 to Class A stockholders of record at the close of business on June 6th, 2013. Full Article
FXCM Inc Proposes Acquisition of Gain Capital
FXCM Inc announced it is proposing to merge with and acquire Gain Capital Holdings LLC. The proposal was communicated this evening in a letter from FXCM to Gain’s Board of Directors, to inform them of FXCM’s desire to reach agreement on a transaction. The proposed transaction would give Gain shareholders 0.3996 shares of FXCM Class A common stock for each share of Gain common stock. Based on FXCM’s closing price of $13.39 on Monday, April 8, 2013, this results in an offer price of $5.35 per share of Gain common stock, which in aggregate would represent $210.4 million in total value. This price represents a 25% premium to Gain’s closing share price on April 8, 2013. FXCM is also prepared to offer up to $50 million in cash consideration in lieu of FXCM shares. Full Article
FXCM Inc Declares Quarterly Dividend
FXCM Inc announced that the board of directors have declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on April 1, 2013 to Class A stockholders of record at the close of business on March 19, 2013. Full Article
FXCM Inc Declares Quarterly Dividend
FXCM Inc announced that its board of directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on December 31, 2012 to Class A stockholders of record at the close of business on December 19, 2012. Full Article
FXCM Inc Declares Quarterly Dividend
FXCM Inc announced that its board of directors have declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on October 1st, 2012 to Class A stockholders of record at the close of business on September 19, 2012. Full Article
FXCM Inc To Acquire 50% Controlling Interest In Lucid Markets Trading Ltd. And Lucid Markets LLP
FXCM Inc announced that it has entered into a definitive agreement to acquire a 50% controlling interest in Lucid Markets Trading Ltd. and Lucid Markets LLP (Lucid Markets) for approximately $176 million, net of Lucid cash. The transaction is expected to close in the coming weeks. Consideration payable for the acquisition consists of six month notes of $71.4 million plus Lucid cash acquired, bearing interest at 3.5% per annum, and 9.0 million FXCM Class A common shares, of which approximately two million shares will be delivered at closing and the remainder subject to certain restrictions. Under the terms of agreement, FXCM will receive an option to purchase an additional profit interest in Lucid's operations in the future and if such option is not exercised within four years, Lucid shareholders will have a one-time option to purchase FXCM's interest. Full Article
FXCM Inc Declares Quarterly Dividend
FXCM Inc announced that its board of directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on June 29, 2012 to Class A stockholders of record at the close of business on June 19, 2012. Full Article
FXCM Inc Declares Quarterly Dividend
FXCM Inc announced that its Board of Directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on December 30, 2011 to Class A stockholders of record at the close of business on December 19, 2011. Full Article
FXCM Inc Announces Expansion Of Share Repurchase Program
FXCM Inc announced that its board of directors increased its share repurchase program from $30 million to $50 million of its Class A common stock and/or FXCM Holdings, LLC units. Under this program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. To date FXCM has repurchased 1,950,972 shares for approximately $22.0 million, an average price of $11.25 per share, including commissions. The timing and amount of any shares repurchased will depend upon a variety of factors, including market conditions, share price, capital availability, legal requirements and other factors. FXCM is not obligated to purchase any additional shares under the repurchase program. The repurchase program does not have an expiration date and repurchases may be commenced or suspended at any time or from time to time without prior notice. Full Article
FXCM Inc's FXCM Japan Securities Co., Ltd. Completes Acquisition Of Japanese Forex Broker Foreland Forex Co., Ltd.
FXCM Inc announced that its subsidiary FXCM Japan Securities Co., Ltd. (FXCM Japan) has completed its acquisition of Japanese FX broker Foreland Forex Co., Ltd. (Foreland) for approximately $17 million, net of cash and liquid assets acquired. Full Article
FXCM offers to buy smaller rival Gain Capital for $210 mln
April 8 - FXCM Inc said it offered to buy Gain Capital Holdings Inc for $210.4 million in stock to increase its presence in the online foreign exchange market.
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