GAIN Capital Closes Acquisition Of Global Futures & Forex - Quick Facts

(RTTNews) - GAIN Capital Holdings Inc. (GCAP) said Tuesday it has completed the acquisition of Global Futures & Forex LTD.

"The acquisition will yield numerous benefits for our clients, partners and shareholders," said Glenn Stevens, Chief Executive Officer of GAIN Capital. "The combined company boasts a deeper global footprint, a robust offering of more than 12,500 financial products, and industry-leading trading technology."

Under the terms of the deal, the purchase price is comprised of $40 million in cash, about 3.6 million shares of GAIN Capital stock and a near $33 million 5-year seller note. GAIN Capital received about $73 million of Global Futures & Forex cash at closing.

GAIN Capital said the deal will result in operating synergies of $35 million to $45 million in the first full year following closing. Also, the deal will be accretive to fourth quarter 2013 earnings.