trending Market Intelligence /marketintelligence/en/news-insights/trending/JYoOiXql0KIpwAMJ3pnnZw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Tullett Prebon/ICAP deal gets clearance from US, Singapore

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Tullett Prebon/ICAP deal gets clearance from US, Singapore

Tullett PrebonPlc said the U.S. merger control condition has been met for closingits acquisition ofICAP Plc's globalhybrid voice broking and information business.

The waiting period under the Hart-Scott-Rodino Act wasterminated early, effective July 15. The company also received unconditionalclearance for the deal from the Competition Commission of Singapore.

The deal is awaiting approvals from the U.K. Competition and MarketsAuthority and other regulatory bodies and the satisfaction of other closingconditions. The deal also requires the approval of ICAP shareholders followingthe change to the transaction's structure.

Tullett Prebon continues to expect the deal to close in 2016.