Gain Capital published Open E Cry purchase price: $12 million
GAIN Capital Group, LLC (“Gain”), a wholly-owned subsidiary of Gain Capital Holdings, Inc., and optionsXpress Holdings, Inc. (“optionsXpress”), a subsidiary of The Charles Schwab Corporation, entered into a Stock Purchase Agreement (the “Purchase Agreement”) whereby Gain will acquire Open E Cry, LLC (“OEC”), an online futures broker, for a purchase price of $12 million.
The deal was announced on June 28th.
GAIN Capital Group, LLC (“Gain”), a wholly-owned subsidiary of Gain Capital Holdings, Inc., and optionsXpress Holdings, Inc. (“optionsXpress”), a subsidiary of The Charles Schwab Corporation, entered into a Stock Purchase Agreement (the “Purchase Agreement”) whereby Gain will acquire Open E Cry, LLC (“OEC”), an online futures broker, for a purchase price of $12 million.
The deal was announced on June 28th.