FCStone announces merger and further losses

Troubled commodity risk management firm FCStone is to merge with International Assets Holding Corporation, after posting more disappointing results in a year that has seen it hurt by substantial losses on a customer account.

Described by both companies as a merger of equals that will result in a combined market capitalisation of approximately $260 million, the transaction with International Assets is scheduled to close in the fourth calendar quarter of 2009. After the merger, FCStone will continu

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: