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GAIN Capital launches tender offer to buy up to $50M common shares

GAIN Capital Holdings Inc. launched a tender offer to purchase up to $50 million of its common shares at a price between $7.24 and $7.94 per share, through a modified Dutch auction.

The offer is expected to expire at 5 p.m. ET on Nov. 6.

D.F. King & Co. Inc. is the offering's information agent, while Jefferies LLC is dealer manager.