ACCESS Newswire
29 May 2020, 01:19 GMT+10
Requests Gain Capital's Board change its recommendation
RIVERSIDE, CT / ACCESSWIRE / May 28, 2020 / Neustrada Capital LLC owns approximately 1% of Gain Capital Holdings, Inc and supports JB Capital's proposal outlined in its Form 13D dated May 27, 2020.
Neustrada Capital noted in a letter sent to the Board on May 25, 2020 (attached) that it did not support the transaction for these reasons:
Further, Neustrada noted that the Board's own actions suggest the price is too low. Specifically:
Contact: Gerald Catenacci [email protected]
Related Files
GCAP 20200528 Letter to Board
SOURCE: Neustrada Capital LLC
Get a daily dose of Pennsylvania Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pennsylvania Sun.
More InformationSTOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...
NEW YORK, New York - U.S. stocks closed higher Friday with all the major indices capping weekly gains in the process. Markets are...
WASHINGTON, D.C.: The U.S. Department of Energy has announced plans to eliminate or amend more than 40 regulations as part of President...
WASHINGTON, D.C.: In April, U.S. consumer prices went up slightly. Rent costs increased, but food prices went down, which helped keep...
NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...
NEW YORK, New York - U.S. stocks were mostly higher Thursday, although the Nasdaq Composite finished modestly behind. This is a market...
STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...
NEW YORK, New York - U.S. stocks closed higher Friday with all the major indices capping weekly gains in the process. Markets are...
WASHINGTON, D.C.: The U.S. Department of Energy has announced plans to eliminate or amend more than 40 regulations as part of President...
WASHINGTON, D.C.: In April, U.S. consumer prices went up slightly. Rent costs increased, but food prices went down, which helped keep...
NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...
NEW YORK, New York - U.S. stocks were mostly higher Thursday, although the Nasdaq Composite finished modestly behind. This is a market...