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Deal snapshot: TULLETT PREBON, ICAP ISSUE CIRCULAR, PROSPECTUS AHEAD OF 24 MARCH SHAREHOLDER VOTES ON ACQUISITION.

MANews-(C)2009-2016

UK-based inter-dealer money broker Tullett Prebon plc combined class 1 circular and prospectus relating to its proposed acquisition of the global hybrid voice broking and information business of UK-based dealer broker ICAP plc, the company said. The deal is worth around USD 2.3bn.

The deal, which was announced last November, includes the global hybrid voice broking and information business of ICAP plc including ICAP's associated technology and broking platforms (including iSwap and Fusion) and certain of ICAP's joint ventures and associates, Tullett Prebon announces the combined class 1 circular and prospectus relating to the transaction.

Country: UK

Sector: Banking/Financial Services

Target: Companies issue circulars ahead of shareholder votes

Buyer: Tullett Prebon plc

Vendor: ICAP

Deal size in USD: 2.3bn

Type: Corporate Acquisition

Financing: Stock

Status: Agreed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Mar 7, 2016
Words:135
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