Forex Trader Rebuffs $210M Takeover, Inks One Of Its Own

Law360, New York (April 25, 2013, 1:21 PM EDT) -- Gain Capital Holdings Inc., a New Jersey-based foreign exchange trading platform, rejected a $210 million unsolicited all-stock bid from rival FXCM Inc. on Thursday and said it would instead buy a smaller peer.

The announcement offers a window into what can sometimes be a sticky situation — when a company with a deal in the works is suddenly faced with a hostile takeover offer. Gain Capital stayed the course, declining to negotiate with FXCM and pursuing its own transaction instead.

Gain Capital will buy Global Futures...
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