ICAP PLC Statement re: Transaction with Tullett Prebon (7440N)
February 02 2016 - 1:25AM
UK Regulatory
TIDMIAP
RNS Number : 7440N
ICAP PLC
02 February 2016
ICAP plc - Statement Regarding Transaction with Tullett
Prebon
London, 02 February 2016 - ICAP plc (the "Company") notes the
statement made by Tullett Prebon plc ("Tullett Prebon") and
confirms that it has also received a request for additional
information and documentary material from the United States
Department of Justice in connection with the Transaction. This
request, the details of which are relatively standard in their
nature, was expected in the context of the Transaction. As such,
the Company remains confident that the necessary clearances will be
obtained within the timeframe previously announced.
The Transaction to merge the global hybrid voice broking
business with Tullet Prebon is proceeding as expected and it is
anticipated that completion will take place during 2016. Currently
both companies are in the process of obtaining regulatory and
competition approvals from various authorities.
Ends
Contacts
+44 (0) 20 7050
Serra Balls Group Head of Communications 7103
+44 (0) 20 7050
Alex Dee Head of Investor Relations 7123
About ICAP
ICAP is a leading markets operator and provider of post trade
risk mitigation and information services. The Group matches buyers
and sellers in the wholesale markets in interest rates, credit,
commodities, FX, emerging markets and equity derivatives through
voice and electronic networks. Through our post trade risk and
information services we help our customers manage and mitigate
risks in their portfolios. For more information, please go to
www.icap.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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