Investment Brokerages M&A » By The Online Investor Staff, updated Fri., Apr. 19, 11:16 AM
Recent mergers and acquisitions in the Investment Brokerages M&A category.
Slide #73. INTL FCStone Inc. — Cleartrade Exchange
Acquirer: |
INTL FCStone Inc. (AMEX:INTL) |
Acquiree: |
Cleartrade Exchange |
Details: |
INTL FCStone Inc., a provider of execution and advisory services in commodities, currencies and international securities, announced that it has agreed with Cleartrade Exchange (CLTX) to acquire immediate voting control and the right to acquire up to 90% of equity interest over a five-year period. Completion of this transaction is subject to final stages of due diligence and fulfillment of certain conditions. |
INTL FCStone is a brokerage and financial services firm. Co.'s services include risk management advisory services for commercial clients; clearing and execution of debt and equity securities, listed futures and options on futures contracts on all main securities and commodity exchanges; structured over-the-counter products in a range of commodities; physical trading and hedging of precious and base metals and select other commodities; trading of foreign currencies; market-making in international equities; fixed income; debt origination and asset management. Co.'s segments includes: Commercial Hedging, Physical Commodities, Clearing and Execution Services, Securities, and Global Payments.
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April 19, 2024 11:16 AM Eastern
Strong Buy (4.00 out of 4)
100th percentile
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