Gain Capital director Peter Quick cashes in 52,000 options
Gain Capital is in the process of being acquired for $6 per share, or $236 million in total, by StoneX (formerly INTL FCStone).
Gain Capital is in the process of being acquired for $6 per share, or $236 million in total, by StoneX (formerly INTL FCStone).
Even with Q2’s reduced results as a base the company is about to be acquired by StoneX for about 2x run rate annual EBITDA, and 4x earnings.
Wendy Collins’ departure seems to be coinciding with Gain Capital’s pending acquisition by US rival StoneX.
At Gain Capital’s current share price of $6.12, Mr. Schenk’s profit on the exercise should come to about $91,600.
The issue of ESG investing (Environmental, Social, and Governance) has entered a good part of the mainstream activity on Wall Street.
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