LONDON (Alliance News) - Tullett Prebon PLC Friday said that its proposed acquisition of ICAP PLC's global hybrid voice broking and information business has cleared US merger control conditions, and has been cleared by the Competition Commission of Singapore.
The deal remains subject to further regulatory clearances, including the UK's Competition and Market Authority and the Financial Conduct Authority, as well as ICAP shareholders.
Tullett Prebon remains confident the deal is on track to close this year.
Shares in Tullett were up 0.2%, whilst ICAP was up 1.7% at 460.40 pence.
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