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INTL FCStone closes Fillmore Advisors deal

INTL FCStone Inc. on Sept. 1 completed the acquisition of 100% of trading firm Fillmore Advisors LLC, which has now become INTL Fillmore Advisors LLC, according to a Form 10-K filing.

The purchase price included $1.4 million of cash consideration and includes a contingent earnout with payments over the eight quarters following acquisition. The contingent earnout payments are variable in nature. The consideration due to the sellers is estimated at $1.8 million as of the closing date.