(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
Real Life. Real News. Real Voices
Help us tell more of the stories that matterBecome a founding member
Subscribe to the newsletter news
We hate SPAM and promise to keep your email address safe