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Bids, Mergers and Takeovers

Tullett Prebon comments on CMA announcement

07 June 2016 09:18

Tullett Prebon is pleased the Competition and Markets Authority did not find significant competition concerns in 19 of the 20 product categories it considered in relation to its proposed acquisition of ICAP's global hybrid voice broking and information business.

However, Tullett Prebon noted the CMA has raised competition concerns in relation to the broking of oil products. "In light of this, Tullett Prebon intends to explore how best to satisfy the CMA's concerns," it said in a statement.

Tullett Prebon considers the acquisition is on track to close in 2016.

At 9:18am: (LON:TLPR) Tullett Prebon PLC share price was -6.9p at 318.3p

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