Gain Capital adopts 'poison pill' defense against FXCM hostile takeover

NEW YORK - April 10, 2013 - PRLog -- Well this certainly didn't take long -- and should confirm to our readers what we wrote yesterday, namely that FXCM-Gain Capital friendly discussions had been going on behind the scenes for quite some time between FXCM and Gain Capital management, before breaking down, leading to FXCM's unsolicited offer to acquire Gain Capital made through a 'bear hug' letter to Gain's board.

Gain Capital was clearly ready and prepared for FXCM's bid to buy the company. In a very quick move, Gain Capital has announced that it has put in place a Shareholder Rights Plan, to ward off any takeover of the company not agreed to by the board.

How does a Shareholder Rights Plan work? For more details see LeapRate's Forex Industry News at http://leaprate.com/forex-industry-news/entry/gain-capital-adopts-poison-pill-defense-against-fxcm-hostile-takeover.html

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