NEW YORK, Feb. 28, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Gain Capital
Holdings, Inc. ("GCAP" or the "Company") (NYSE: GCAP) in connection
with the proposed acquisition of the Company by INTL FCStone Inc.
(NASDAQ: INTL) ("INTL"). Under the terms of the acquisition
agreement, GCAP shareholders will receive a mere $6.00 per share in cash. The deal is
scheduled to close by in mid-2020.
If you own GCAP shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/gain-capital-holdings-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether GCAP's Board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, the offer price is $1.40 less than GCAP's 52-week high of
$7.40, and $1.00 less than the analyst target price of
$7.00. Additionally, GCAP
announced positive financial results including an impressive 56%
year-over-year increase in new direct retail accounts for the
fourth quarter of 2019 and 67% for the full 2019 fiscal
year.
Moreover, according to INTL's CEO, the deal will enhance its
earnings power and increase its client float by around
$1 billion by adding a new digital
platform to INTL's global financial network.
Given these facts, WeissLaw is concerned whether the proposed
acquisition agreement undervalues the Company, whether the Board
ran a fair process, and whether all material information related to
the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP