Buyout Talks - Gain Confirms We DON'T Want to Buy LCG

M&A activity is usually a sign of bull moves in the equity markets but signs of concern in the FX and CFD space. London-based financial services broker LCG has had difficult results in 2012 in line with the market. There was talk of a possible Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term or Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term and three firms were mentioned including; Cantor Fitzgerald Europe, GAIN Capital, and City Index. Gain Capital confirmed today that it has no intention to purchase LCG.

On 12 February 2013, LCG announced that it had received a preliminary approach from GAIN regarding a possible offer for the share capital of LCG, which GAIN acknowledged through an announcement made on 13 February 2013.

GAIN today announces that it does not intend to make an offer for LCG. GAIN and any person acting in concert with GAIN are subject to the restrictions imposed by Rule 2.8 of the City Code on Takeovers and Mergers.

Gain Capital has been involved in several well-known acquisitions including; Open E Cry & DBFX's client base as well as others.