3rd Aug 2016 14:05
LONDON (Alliance News) - Interdealer broker Tullett Prebon PLC Wednesday said Chief Financial Officer Andrew Baddeley bought 10,000 shares at a price of 331.1 pence per share on Tuesday.
The UK's Competition & Markets Authority late on Tuesday said it has accepted in principle the remedies tabled by Tullett Prebon and fellow interdealer broker ICAP PLC to secure passage for their merger of some business activities.
Tullett is buying ICAP's hybrid voice broking and information business. In June, the pair offered to sell ICAP's London-based oil desks in a bid to address competition concerns raised by the UK's antitrust regulator.
The stock was up 2.3% at 340.50p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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