Tullett Prebon Confident of Completing ICAP Deal In Weeks

[kreslik.news]

Tullett Prebon, a UK interdealer broker, announced today that its deal to buy the global broking business of rival ICAP is expected to complete in the forthcoming weeks, as originally planned, bringing the lengthy process for regulatory approvals to a close.

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Final Stages

Tullett Prebon announced its plans to acquire ICAP’s voice broking and information business for over £1 billion ($1.67 billion) last November, in which it would receive all of the associated technologies owned by ICAP including iSwap and Fusion, together with some of the company’s joint ventures and ... (read more)