ICAP gains bondholders consent for proposed deal with Tullett Prebon

A follow-up to LeapRate’s earlier report about the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP) by Tullett Prebon Plc (LON:TLPR)…

After securing the approval of shareholders for the proposed deal, ICAP plc and ICAP Group Holdings plc today gained a nod of consent from the holders of the £125,000,000 5.50 per cent Guaranteed Notes due July 2018 and the holders of the €350,000,000 3.125 per cent Notes due March 2019.

The bondholders have approved amendments to certain terms and conditions in respect of the proposed deal.

The meetings of the Noteholders to consider the Proposals were held earlier today – 29 March 2016. The Extraordinary Resolutions in respect of both series of Notes were passed. Of the votes received, those in favor of the Proposals represented 96.1% in respect of the 2018 Notes and 100% in respect of the 2019 Notes.

Tullett Prebon continues to anticipate that the deal will close in 2016.

For the full announcement from ICAP, click here.

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ICAP gains bondholders consent for proposed deal with Tullett Prebon


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