Tullett Prebon PLC Statement re transaction with ICAP (0113F)
July 22 2016 - 08:15AM
UK Regulatory
TIDMTLPR
RNS Number : 0113F
Tullett Prebon PLC
22 July 2016
FOR IMMEDIATE RELEASE
22 July 2016
Tullett Prebon plc
Update on the proposed acquisition of ICAP's global hybrid voice
broking and information business
Further to the announcement regarding the proposed acquisition
by Tullett Prebon of ICAP's global hybrid voice broking and
information business released on 11 November 2015 (the
"Announcement"), Tullett Prebon announces that, effective 15 July
2016 early termination has been granted of the waiting period under
the United States Hart-Scott-Rodino Antitrust Improvements Act of
1976 in respect of the Transaction. The grant of early termination
means that the US merger control condition to Completion of the
Transaction has been satisfied.
Tullett Prebon also notes the announcement of 18 July 2016 by
the Competition Commission of Singapore that the Transaction has
been cleared unconditionally.
Completion of the Transaction remains subject to clearance from
the Competition and Markets Authority, approval by various
regulatory bodies including the FCA and satisfaction of other
customary closing conditions noted in the Announcement. Completion
of the Transaction is also subject to the further approval of ICAP
shareholders following the change to the structure of the
Transaction as set out in the announcement released by Tullett
Prebon on 21 June 2016.
Tullett Prebon remains confident that the Transaction is on
track to close in 2016.
Terms defined in this announcement, unless otherwise defined,
have the same meanings as set out in the Announcement.
Enquiries
Alexandra Wick
Marketing & Communications, Tullett
Prebon plc
Direct: +44(0)20 7200 7579
Email: awick@tullettprebon.com
Kim Fletcher/Craig Breheny
Brunswick Group LLP
Switchboard: +44 (0) 207 404
5959
Email: tullettprebon@brunswickgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRAKBDKBBKDCOB
(END) Dow Jones Newswires
July 22, 2016 08:15 ET (12:15 GMT)
Tp Icap (LSE:TCAP)
Historical Stock Chart
From Feb 2024 to Mar 2024
Tp Icap (LSE:TCAP)
Historical Stock Chart
From Mar 2023 to Mar 2024