Tullett Prebon (TCAP) Still Expects to Complete NEX (ICAP) Deal in 2016

[kreslik.news]

Tullett Prebon, the UK-headquartered interdealer broker, announced this morning to investors that its deal to buy the global hybrid voice broking and information business of rival ICAP (already rebranded as NEX) is still expected to be completed before the end of the year, as originally promised.

It also announces that it has changed its official name from Tullett Prebon plc to TP ICAP plc and will commence trading under the new ticker starting “TCAP” tomorrow.

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The company issued an update to the London Stock Exchange confirming that 310,314,296 ... (read more)