Monex Group has acquired TradeStation Group for about $402 million. The acquisition was followed by a short-form merger of Monex’s subsidiary Felix 2011 Acquisition Sub with TradeStation. The shares of TradeStation common stock held by the remaining shareholders have been cancelled and converted into the right to receive the same $9.75 per share price. TradeStation shares will be delisted from the NASDAQ Global Select Market.

Click here for the release from Globe Newswire.