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FXCM proposes to acquire Gain Capital to form world's largest forex broker
Rumors about this merger/acquisition existed pretty much since the day both companies became public and it was discussed between the companies not once and the lower Gain’s share price got the more persistent the merger rumor became. There are a lot of synergies but also a lot of difficulties in this deal however given that Gain Capital’s share price is now less than half its IPO levels (FXCM’s price is almost back to original levels) – it may be the only option for Gain’s shareholders to see their money back. Gain’s low share price and the fact that it is not doing well financially made it become a ... (full story)