FCStone Group, Inc. Announces Acquisition of Downes-O'Neill, LLC

Posted by Brian Gould Thu, 20 Dec 2007 13:21:00 GMT

FCStone Group, Inc. (NASDAQ:FCSX), a commodity risk management firm, announced today the acquisition of Downes-O’Neill, LLC, a registered brokerage group and risk management consulting firm specializing in servicing the dairy industry.

The all-cash transaction is expected to close in early 2008 and should be immediately accretive to earnings. Downes-O’Neill is a highly complementary business to FCStone’s existing platform, which should facilitate a smooth integration going forward.