GAIN Capital acquires U.S.-based retail customer accounts of FX Solutions GAIN Capital announced that it has reached an agreement to acquire the U.S.-based retail customer accounts of FX Solutions LLC, an affiliate of City Index Group. Financial terms of the transaction were not disclosed.
GAIN Capital receives shareholder approval for acquisition of City Index Limited GAIN Capital announced that its common shareholders have overwhelmingly approved the acquisition of City Index Limited at a special meeting of shareholders held on March 12, 2015. The nearly universal shareholder support for the transaction was evidenced by a turnout of 93% of all outstanding shares attending the special meeting and over 99% of such shares voting in favor of the transaction. The approval of the transaction by GAIN's shareholders was one of the final conditions to the closing of the previously announced acquisition. Subject to the satisfaction or waiver of all closing conditions related to the acquisition, GAIN expects the transaction to close early in the second quarter 2015.