Key Developments For International Assets Holding Corporation
International Assets Holding Corporation (IAAC.O) (Consolidated Issue listed on NASDAQ Global Market)
International Assets Holding Corp. Announces Appointment Of New President And Chief Financial Officer-Form 8-K
International Assets Holding Corp. reported in its Form 8-K that on October 5, 2009, the Directors approved the appointment of Paul G. Anderson as the President and William J. Dunaway as the Chief Financial Officer of the Company.
International Assets Holding Corp., FCStone Group, Inc. Complete Merger
International Assets Holding Corp. announced the completion of the merger of International Assets and FCStone Group, Inc. with a combined market value of approximately $285 million. Effective with the commencement of trading on October1, 2009, common stock of the newly merged International Assets and FCStone will be traded on the Nasdaq Global Market under the ticker symbol 'IAAC'. FCStone Group will continue to operate as an independent business unit of International Assets, maintaining its bases of operations in Kansas City, MO and West Des Moines, IA and serving customers under the FCStone Group brand.
International Assets Holding Corp. To Buy FCStone Group, Inc. For $130 Million In Stock-Reuters
Reuters reported that International Assets Holding Corp. agreed to buy commodity risk management firm FCStone Group, Inc. in an all stock deal valued at about $130 million. FCStone's stockholders will get 0.2950 share of International Assets for each share held, valuing FCStone shares at $4.64, based on International Asset Holding stock's closing price of $15.74 on July 01, 2009.
International Assets Holding Corp.'s INTL Commodities, Inc. Renews $62 Million Syndicated Loan
International Assets Holding Corp. announced that its subsidiary INTL Commodities, Inc. has completed the renewal of its revolving syndicated loan in the amount of $62 million. The loan proceeds will continue to be used to finance the INTL Commodities' activities. The loan will be secured by INTL Commodities' assets. The loan was arranged by Fortis Bank SA/NV, New York Branch. Participants include Fortis Bank SA/NV, New York Branch, Mizuho Corporate Bank Ltd., and Brown Brothers Harriman & Co.
International Assets Holding Corp. Assets Buys Argentine Broker Dealer
International Assets Holding Corp. announced the purchase of Companyia Inversora Bursatil Sociedad de Bolsa (CIBSA), an Argentine securities broker dealer. terms of the deal were not disclosed.
