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Final bidder drops out of London Capital Group acquisition

6th March 2013 9:59 am GMT

Shares in London Capital Group Holdings (LCG) slumped by more than 20 per cent in London yesterday after the company confirmed that there were no longer any parties interested in acquiring the spread betting and CFD provider.

Last month LCG announced that it had received preliminary approaches from three parties - Cantor Fitzgerald Europe, GAIN Capital Holdings, and City Index Limited - regarding a possible acquisition of the company.

Shares in the company rose as high [...]

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