FXCM Inc Takes A “Poison Pill” To Thwart Hostile Takeover Attempts

FXCM Inc., the largest retail foreign-exchange brokerage in the U.S., has adopted a shareholder rights plan with a 10% trigger, with the goal of preventing a potential hostile takeover attempts of the company. The brokerage company however indicated that the rights plan is not intended to deter offers that are fair and otherwise in the best interests of the company’s shareholders. FXCM’s “poison pill” While unveiling its “poison pill” program, the foreign exchange brokerage said the program would facilitate shareholders in purchasing reduced-price shares in the event a hostile bid is made or an individual or group’s ownership in the…