Global Brokerage Inc. (GLBR)

[investing102]

Are these terms accurate?

Even though FXCM management is planning to sell off assets, Citi said that those proceeds will "accrue not to FXCM shareholders, but to Leucadia." Specifically, Citi notes that 100 percent of the first $300 million in sales will go to Leucadia, while the next $350 million will be split 50/50 between the two companies. The next $500 million raised is split 90/10 to Leucadia. Finally, any sales over this $1.15 billion will be split 60/40 to Leucadia.