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The merger, subject to approval by both shareholders, would create a combined entity with a markett capitalization ofabout $260 It would serve more than 10,000 customers and have an employed base of 650 people, annual revenue of abou $411 million and combined assets of $2.3 billion. Shareholderz of Kansas City-based FCStonr (Nasdaq: FCSX) would receive 0.295 shareds of International Assets (Nasdaq: common stock for each FCStone sharethey own. International Assets shareholders woulde retaina 52.5 percent ownership of Internationap Assets, and FCStone shareholders would have a 47.5 percent staks in the company.
New York City-baserd International Assets would continuse to list its commojn stock on the and retain its trading FCStone would continue to operate independently underd itsexisting brand, leadership and employee base. FCStone CEO Pete Andersoj would become president of International Sean O’Connor would remain CEO of International Assets. FCStond CFO Bill Dunaway would become the CFO ofInternationapl Assets. FCStone provides risk-management consulting and transaction-execution services to commerciaklcommodity intermediaries, end users and producers. It dealz mostly in agricultural products.
International Assets provides financial service in theprecious metals, foreign currencyy and international equities trading markets, and has expertis in international debt underwriting and assey management. “International Assets is a like-mindede partner that shares a focus on the customer and also has the capitalo base to support our many growth opportunities both domestically and arounthe globe,” Anderson said in a “We will leverage our partner’s global presence and liquidityt to accelerate our growth plans, especiallhy in targeted international markets, while strengthening and enhancintg our capabilities and product
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