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FXCM Share Buyout on the Table? Charles Schwab Emerges as Possible Suitor
Charles Schwab Corp has emerged as a darkhorse candidate to buyout shares of FXCM (NYSE:FXCM), following the recent Leucadia lifeline last week, with a premium of $5.25 per share being seen as a plausible figure.
Jan
23
2015
Posted on January 23, 2015 by Forex Magnates in Brokers,Retail Forex
3 Comments

fxcm logoCharles Schwab Corp has emerged as a darkhorse candidate to buyout shares of FXCM (NYSE:FXCM), following the recent Leucadia lifeline last week, with a premium of $5.25 per share being seen as a plausible figure, according to a Benzinga report.

While on the surface the emergence of Charles Schwab as a takeover candidate would appear to be ‘out of left field’, the two firms have an existing relationship.  As reported in May  2013, Charles Schwab is a white label customer of FXCM, having integrated their forex services within the OptionsXpress platform. Therefore, management from the two firms have familiarity with each other which would help Charles Schwab in its analysis of an FXCM buyout.

Speaking to Benzinga about the potential of Charles Schwab as a buyer, Jeff Wilkins, Managing Director of ThinkLiquidity, stated the rumor made sense “Last week, the stock was trading around $17, and the only thing different is the cash situation and possible reputational damage, if Charles Schwab is a suitor, it brings immediate credibility to the table.”