Following our recent report that FXCM had made an unsolicited offer to acquire GAIN Capital it looked likely that the GAIN board weren't very keen on that prospect. That perception was confirmed this morning when I received an email signed:

More on GAIN Capital "Merge With" GFT

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I received a message in my inbox this morning advising me that:

FXCM Proposes Acquisition of Gain Capital

According to the accompanying press release FXCM sent a letter to the members of GAIN's Board of Directors last night:

More on FXCM Want to Acquire Gain Capital

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