Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Global Brokerage, Inc. | v451551_ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 31, 2016
FXCM Inc.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 001-34986 | 27-3268672 | ||
| (State or Other Jurisdiction of | (Commission File Number) | (IRS Employer | ||
| Incorporation) | Identification No.) |
55 Water Street, FL 50, New York, NY, 10041
(Address of Principal Executive Offices) (Zip Code)
(646) 432-2986
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.01 | Completion of Acquisition or Disposition of Assets. |
As previously reported on September 30, 2016, Forex Capital Markets L.L.C., a subsidiary of FXCM Inc. (the “Company”), entered into an asset purchase agreement pursuant to which they agreed to sell certain assets comprising the DailyFX business (the “Assets”) to IG Group (the “Buyer”) for an aggregate purchase price of approximately $40 million to be paid in two installments. On October 28, 2016, the Company completed the disposition of the Assets to the Buyer in exchange for $36 million in consideration. The remaining consideration is subject to final adjustment based on the successful transfer of the DailyFX websites to the Buyer.
| Item 9.01. | Financial Statements and Exhibits. |
| (a) | Financial statements of businesses acquired: None |
| (b) | Pro forma financial information: None |
| (c) | Shell company transactions: None |
| (d) | Exhibits: Press release, dated October 31, 2016 issued by FXCM Inc. |
| Exhibit No. | Exhibit Description |
| 99.1** | Press Release dated October 31, 2016 |
| ** | Furnished herewith. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FXCM INC. | |||
| By: | /s/David S. Sassoon | ||
| Name: | David S. Sassoon | ||
| Title: | General Counsel | ||
Date: October 31, 2016