Refco Nixes Deal To Sell Unit’s Customer Accounts
Both Refco and Gain agreed to terminate the deal over the Refco FX Associates LLC accounts, according to a filing Wednesday in the U.S. Bankruptcy Court in the Southern District of New York.
“While the parties had entered into a term sheet outlining the transaction, they were unable to reach terms on a final asset purchase agreement,” Refco stated.
Under the deal, Gain...
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