Betaville Intelligence

UNCOOKED ALERT: Gain Capital said to ... - Part 4

Thursday, 27 February 2020, 2:03 pm

I know this is starting to sound a bit hackneyed but: another day, another confirmation for little old Betaville.

You might recall that this website published a series of Betaville Intelligence articles about Gain Capital, owner of Michael Spencer's spread betting firm City Index, and then revealed INTL FCStone was the mystery suitor circling the business. Below are the links, including a follow up in Mail on Sunday's business section.

https://www.betaville.co.uk/betaville-intelligence/uncooked-alert-gain-capital-said-to-part-3/

https://www.betaville.co.uk/betaville-intelligence/uncooked-alert-gain-capital-said-to-part-2/

​​​​​​​​https://www.betaville.co.uk/betaville-intelligence/uncooked-alert-gain-capital-said-to/

https://www.thisismoney.co.uk/money/news/article-7955657/Michael-Spencer-collect-payout-owner-City-Index-receives-approach-rival.html

And today INTL FCStone announced a $236 million takeover of Gain Capital. Below is a link to the press release:

https://www.globenewswire.com/news-release/2020/02/27/1991754/0/en/INTL-FCStone-Inc-Agrees-to-an-All-cash-Acquisition-of-GAIN-Capital-Holdings-Inc-at-6-00-Per-Share.html

Hopefully, that will prove the doubters - who for some reason never go away - wrong!..

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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