m_and_a
confidence high
sentiment positive
materiality 0.95
StoneX completes $611M cash + 3.1M share acquisition of R.J. O'Brien; largest non-bank FCM
StoneX Group Inc.
- Cash consideration of $610.6M plus 3,085,554 shares of SNEX common stock.
- RJO generated $766M revenue and ~$170M EBITDA in 2024; deal expected to be accretive.
- Targets $50M annual expense savings and $50M in capital synergies.
- Combined entity becomes largest non-bank FCM in U.S.; client float expands by ~$6B.
- Transaction partially funded by $625M 6.875% Senior Secured Notes due 2032.
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