GAIN Capital Holdings, Inc. Announces Board Resignations
July 31, 2020 at 09:10 am EDT
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On July 31, 2020, pursuant to the Agreement and Plan of Merger (the ‘Merger Agreement’) dated February 26, 2020, among GAIN Capital Holdings, Inc., a Delaware corporation (the ‘Company’), INTL FCStone Inc. (now known as StoneX Group Inc.), a Delaware corporation (‘Parent’) and its wholly owned subsidiary, Golf Merger Sub I Inc., (‘Merger Sub’), Merger Sub was merged with and into the Company, with the Company continuing as the surviving corporation of the merger (the ‘Surviving Corporation’) as a wholly owned subsidiary of Parent (the ‘Merger’). in accordance with the terms of the Merger Agreement, and effective as of the Effective Time, each of Thomas Bevilacqua, Christopher Calhoun, Alex Goor, Peter Quick, Doug Rhoten, Joseph Schenk and Christopher Sugden resigned from the board of directors of the Company.
GAIN Capital Holdings, Inc. (GAIN) provides active traders and institutions with liquidity, technology and service to trade global markets. The Company is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company's segments include Retail and Futures. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex. Its futures segment offers execution and risk management services for exchange-traded futures and futures options on the United States and European exchanges.