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Gain Capital completes $73M acquisition of GFT

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Bedminster-based Gain Capital Holdings Inc. announced Tuesday it has completed its $73 million acquisition of Michigan-based Global Futures and Forex Ltd.

According to the announcement, under the terms of the transaction, the purchase price is comprised of $40 million in cash, approximately 3.6 million shares of Gain Capital stock and an approximately $33 million five-year seller note. Gain CEO Glenn Stevens said in a statement that the combined company offers more than 12,500 financial products. Gain sold its brokerage assets in July for an undisclosed sum.

Write to the Editorial Department at editorial@njbiz.com

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