GAIN Capital Holdings (GCAP) announced Tuesday morning that it received a letter from FXCM Inc., which contains a proposal to acquire GAIN for 0.3996 shares of FXCM Class A common stock.
GAIN Capital gapped open sharply higher Tuesday, but was range-bound for the majority of the session. The stock closed up by 1 point at $5.27 on strong volume and set a 9-month high.
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