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Stock Market & Financial Investment News

News Breaks
July 8, 2014
09:23 EDTICH, RCAPICH announces preliminary stockholder merger consideration election results
Investors Capital Holdings (ICH) announced the preliminary results of the elections made by stockholders of ICH regarding the form of merger consideration they will receive in connection with the acquisition by RCS Capital (RCAP), of ICH. The closing of the Merger is expected to be effective on July 11.As previously announced, on October 27, 2013, ICH, RCAP and Zoe Acquisition, LLC, a Delaware limited liability company and a wholly-owned subsidiary of RCAP, entered into an Agreement and Plan of Merger. Pursuant to the Merger Agreement, each issued and outstanding share of common stock of ICH, par value 1c per share will be, at the holder’s election and subject to the limitation described below, converted into either cash or shares of Class A common stock of RCAP. Holders of ICH Common Stock who elected to receive cash will receive $7.25 per share of ICH Common Stock. As of July 7, there were approximately 7,238,309 shares of ICH Common Stock outstanding. Based on available information as of the Election Deadline, the preliminary merger consideration election results are as follows: Holders of approximately 14.55% of the outstanding shares of ICH Common Stock, or 1,053,307 shares of ICH Common Stock, elected the Cash Election Consideration. Holders of approximately 9.84% of the outstanding shares of ICH Common Stock, or 711,922 shares of ICH Common Stock, elected the Stock Election Consideration.
News For ICH;RCAP From The Last 14 Days
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September 23, 2014
06:06 EDTRCAPRCS Capital appoints John Grady as Chief Strategy and Risk Officer
RCS Capital, or RCAP, announced the appointment of John H. Grady as Chief Strategy and Risk Officer of RCAP. Prior to his appointment as Chief Strategy and Risk Officer, Grady held various executive management positions at RCAP and AR Capital. where he is currently serving as president of National Fund Advisors, an institutional asset manager and registered investment advisor.
06:04 EDTRCAPRCS Capital appoints Michael Weil as CEO
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September 18, 2014
06:19 EDTRCAPRCS Capital invests in Docupace Technologies
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