StoneX Group Inc. (NASDAQ:SNEX), the owner of Forex brands such as FOREX.com and City Index, has filed its latest 10-K report with the Securities and Exchange Commission (SEC).
The document, inter alia, sheds light on StoneX’s post-acquisition commitment regarding the deal with GAIN Capital which was formally completed in the summer of 2020.
In its 10-K report, StoneX explains that, subsequent to the Gain Capital Holdings, Inc acquisition date of July 30, 2020, holders of 3.6 million shares of Gain common stock outstanding at the Gain acquisition date who did not vote to approve the merger purportedly demanded appraisal rights pursuant to Section 262 of the Delaware General Corporation Law in the Court of Chancery of the State of Delaware.
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