TP ICAP (Tullett Prebon) Completes Acquisition of NEX (ICAP)
Posted: Thu Dec 29, 2016 7:21 am
TP ICAP plc (the newly rebranded Tullett Prebon) has just announced that it has completed the acquisition of the global hybrid voice broking and information business of NEX Group plc (the new ultimate holding company of the ICAP Group), including NEX’s associated technology and broking platforms and certain of NEX’s joint ventures and associates.
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At 8:00 a.m. today London time, 310,314,296 new TP ICAP shares allotted to the shareholders of NEX as consideration in respect of the transaction will be admitted to the premium ... (read more)