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:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
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 firstname.lastname@example.org
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SOURCE WeissLaw LLP