London Capital Group Holdings, an online spreadbetting and financial services company has obtained ‘preliminary approaches’ about the probable purchase of its total stock of issued share capital.
London Capital Group is the mother of spreadbetting company Capital Spreads and said that City Index, Gain Capital Holdings Incorporated and Cantor Fitzgerald Europe have made inquiries but that there's ‘no certainty that any of these approaches will lead to an offer being made’.
A short statement from London Capital Group read “London Capital Group notes the recent rise in London Capital Group’s share price and announces that it has received preliminary approaches from Cantor Fitzgerald Europe, Gain Capital Holdings Incorporated and City Index Limited regarding a possible acquisition of the entire issued and to be issued share capital of London Capital Group,”
“There is no certainty that any of these approaches will lead to an offer being made for the company.”
Those parties who are interested now have until March 12 to make a conclusive offer whilst this deadline can only be extended with the Panel's permission.