A brief follow-up to LeapRate’s earlier report regarding the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP) by Tullett Prebon Plc (LON:TLPR)…
At meetings held on March 24, 2016, shareholders in both companies approved the scheme of arrangement of the deal.
The completion of the transaction remains subject to certain conditions, which include regulatory and competition approval. Tullett Prebon continues to anticipate that the deal will close in 2016.
Tullett did not provide any further information on the status of discussions with the United States Department of Justice (DOJ), which in February this year requested more information and documentary material regarding the planned deal.
For the official announcement from ICAP, click here.
For the announcement from Tullett Prebon, click here.