London Capital Group Becomes Takeover Target
Responding to an increase in its stock, UK based broker, London Capital Group has announced that it has been approached by Cantor Fitzgerald Europe, GAIN Capital, and City Index in regards to a possible Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of the firm. According to Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term takeover codes, the three firms have until March 12th to make an offer for LCG.
Shares of London Capital are currently higher by 18%, to 47.50p from yesterday’s close of 40.00p. Previous to today’s announcement, shares have the broker have been rising after falling hard due to poor results during 2012 which led the firm to announce last month that it would be increasing its cost reduction plans during 2013. Shares hit a high of 83.00 during 2012 but fell as low as 32.00 this year. (GAIN Capital CEO Glenn Stevens was a member of our M&A Panel in last November's London Summit)
LCG One Year Chart (Source LSE)
Responding to an increase in its stock, UK based broker, London Capital Group has announced that it has been approached by Cantor Fitzgerald Europe, GAIN Capital, and City Index in regards to a possible Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of the firm. According to Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term takeover codes, the three firms have until March 12th to make an offer for LCG.
Shares of London Capital are currently higher by 18%, to 47.50p from yesterday’s close of 40.00p. Previous to today’s announcement, shares have the broker have been rising after falling hard due to poor results during 2012 which led the firm to announce last month that it would be increasing its cost reduction plans during 2013. Shares hit a high of 83.00 during 2012 but fell as low as 32.00 this year. (GAIN Capital CEO Glenn Stevens was a member of our M&A Panel in last November's London Summit)
LCG One Year Chart (Source LSE)