Tullett Prebon Regulatory News (TLPR)



Regulatory News for Tullett Prebon (TLPR)


Share Price: 273.80Bid: 274.50Ask: 275.50Change: 0.00 (0.00%)No Movement on Tullett Prebon
Spread: 1.00Spread as %: 0.36%Open: 276.00High: 276.00Low: 271.40Yesterday’s Close: 273.80





Acquisition of Elevation LLC

Wed, 2nd May 2012 13:00

RNS Number : 5666C
Tullett Prebon PLC
02 May 2012
 

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2 May 2012

 

Tullett Prebon plc (the "Company")

 

Acquisition of Elevation LLC

 

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.

 

Enquiries:

 

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
 
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Related Shares: Tullett Prebon (TLPR).




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