The Company has reached agreement to acquire Elevation LLC, an equities and equity derivatives interdealer broker based in New York, for a consideration of $13.0m to be settled in cash on completion. The sellers of the business are Patrick Sheehan, Joseph Desena, Sarah T. Harris, Jonathan Tepper, William Cunliffe, Barton Asset Management, LLC, and PEAK6 Investments, L.P. The acquisition is expected to complete before the end of the first half of the year.
Nigel Szembel, Head of Communications, Tullett Prebon plc
Direct: +44 (0)20 7200 7722
This information is provided by RNS
The company news service from the London Stock Exchange
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.