ICAP plc - Statement Regarding Transaction with Tullett Prebon
02 February 2016
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.
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.