-
Australian FX Broker Pepperstone Mulls Options After Rejecting Bids
Pepperstone Financial Pty Ltd.–Australia’s largest foreign exchange broker–is considering its options after several parties expressed interest in buying the business, its chief executive said Monday. The review comes as deal-making in the sector globally continues to intensify. NYSE-listed Gain Capital Holdings Inc. rejected a proposed takeover by FXCM Inc. in April, and later acquired Global Futures & Forex Ltd. “We’re open to considering our strategic options, including an initial public offering or takeover,” Pepperstone’s Chief Executive Owen Kerr told MoneyBeat in an interview. He said the ... (full story)