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TP ICAP in talks to buy electronic trading network Liquidnet – Reuters


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TP ICAP in talks to buy electronic trading network Liquidnet – Reuters

(Reuters) – TP ICAP TCAPI.L, the world’s biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings Inc for a total consideration of between $600 million and $700 million.TP ICAP said the consideration comprises about $550 million upfront payment along with deferred non-contingent consideration of $50 million…

TP ICAP in talks to buy electronic trading network Liquidnet – Reuters

(Reuters) – TP ICAP TCAPI.L, the world’s biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings Inc for a total consideration of between $600 million and $700 million.

TP ICAP said the consideration comprises about $550 million upfront payment along with deferred non-contingent consideration of $50 million and an earn-out of up to $100 million.

Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Anil D’Silva

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