NEW YORK, May 21, 2020 /PRNewswire/ --
URGENT: STOCKHOLDER VOTE JUNE 5,
2020; GAIN ACQUISITION MAY BE UNFAIR TO STOCKHOLDERS
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.
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:
http://www.weisslawllp.com/gain-capital-holdings-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether GCAP's board acted to maximize
shareholder value, as three of the Company's eight directors have
voted against the proposed merger, citing the Company's
recent strong financial performance since executing the merger
agreement. An activist investor recently reported its belief
that the $6.00 per share
consideration should be increased by at least $2.00 per share. Since executing the merger
agreement, GAIN has reported a 131% increase in average
daily trading volume compared to the first quarter of 2019. Indeed,
the offer price represents $1.40 per
share less than GCAP's 52-week high of $7.40.
Moreover, stockholders holding approximately 44% of the
Company's stock have essentially locked up the deal, agreeing to
vote their shares in favor of the merger, including the Company's
CEO who will receive approximately $12.4
million for cashing in his GAIN shares and has secured
employment with the combined company.
WeissLaw is concerned whether the proposed acquisition
undervalues the Company, the board ran a fair process, and all
material information concerning 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 stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
