INTL FCStone Inc. completed the acquisition of GMP Securities, LLC from Gmp International Holdings Corp. for $8.2 million.
January 13, 2019
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INTL FCStone Inc. (NasdaqGS:INTL) entered into a definitive agreement to acquire GMP Securities, LLC from Gmp International Holdings Corp on December 11, 2018. Completion of the transaction is subject to a number of closing conditions, including regulatory approval. The transaction is expected to be completed in the first quarter of 2019.
INTL FCStone Inc. (NasdaqGS:INTL) completed the acquisition of GMP Securities, LLC from Gmp International Holdings Corp for $8.2 million on January 14, 2019. Transaction received the regulatory approval. Gmp International Holdings Corp is a wholly owned indirect subsidiary of GMP Capital Inc.
StoneX Group Inc. operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through digital platforms, end-to-end clearing and execution services, and high touch service. The Company's segments include commercial, institutional, retail and global payments. The Company offers its commercial clients an array of products and services, including risk management and hedging services, execution and clearing of exchange-traded and over-the-counter products. It provides institutional clients with a suite of equity trading services to help them find liquidity with execution, as well as prime brokerage in equities and various foreign currency pairs and swap transactions. The Company provides its retail clients around the world access to over 18,000 global financial markets. Its global payments business provides customized payment, technology and treasury services to banks, commercial businesses, charities and others.