ForexYard acquired by SafeCap (Markets.com, GFC Markets)
|
- ForexYard acquired by SafeCap (Markets.com, GFC Markets)
- Yet another investigation into FXCM’s stock price drop
- Updated details of FXCM/ODL acquisition unveiled
- Details of Gain Capital/CMS Forex acquisition unveiled
Posted: 08 Mar 2011 12:09 PM PST
Teddy Sagi’s SafeCap Investments continues to exercise a strategy which I think is right for a serious broker entering this market so late – acquisitions, acquisitions and more acquisitions. I announced this deal almost six months ago on my Linkedin Group, it seems it has taken the companies quite a while to actually complete the deal and [...]
|
Posted: 08 Mar 2011 11:19 AM PST
It seems it’s today’s fashion to sue FXCM. Yet another investigation into FXCM was just announced. This is the fourth case in a month that FXCM is either being sued or is being investigated. One of the previous two investigations turned into a class action suit so I’m not really sure how suits/investigations over the [...]
|
Posted: 08 Mar 2011 02:10 AM PST
Previously I reported that FXCM acquired ODL for only 3.5% of its shares, deal that was valued back then at $23.6 million. I hence deduced that FXCM’s value was around $676 million pre-money. It seems that FXCM have updated these figures in their final pre-IPO filing. FXCM now state that ODL was acquired for $2.2 [...]
|
Posted: 08 Mar 2011 01:47 AM PST
It is only now that I was thoroughly reviewing Gain Capital’s IPO prospectus that I noticed details the full details of the Gain Capital’s acquisition of CMS Forex’s retail business. Gain Capital received $32 million client assets in this deal and paid $7.99 million immediately plus 15% of future net earning during the next 18 [...]
|
You are subscribed to email updates from Forex Magnates To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |
No comments:
Post a Comment