FCStone, International Assets shareholders to vote on merger Sept. 25

By Lisa Kerner

Charlotte, N.C., Aug. 19 - Shareholders of FCStone Group, Inc. and International Assets Holding Corp. will be asked to approve a merger of the two companies at separate special meetings at 10 a.m. ET on Sept. 25.

FCStone shareholders will meet in Kansas City, Mo., and International Assets shareholders will meet in New York, according to a 424B3 filing with the Securities and Exchange Commission.

In July, International Assets and FCStone announced they will combine in an all-stock deal to create a combined company with a market capitalization of approximately $260 million.

FCStone common shareholders will receive 0.295 of a share of International Assets common stock for each share they own. International Assets expects to issue about 8,239,405 shares to FCStone stockholders in connection with the merger, the filing said.

Last week, the Federal Trade Commission announced it had granted its approval of the proposed merger.

FCStone is a Kansas City, Mo.-based commodity risk management firm.

Based in Altamonte Springs, Fla., International Assets is a financial services company focused on international securities and the commodities markets.

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