LONDON (Alliance News) - ICAP PLC on Tuesday said that bondholders have approved the planned sale of its hybrid voice broking and information business to Tullett Prebon PLC. In a statement, ICAP said holders of the GBP125.0 million 5.50% guaranteed notes due July 2018 and the holders of the EUR350.0 million 3.125% notes due March 2019 gave their consent to the move. Shares in ICAP were down 0.4% at 460.50 pence on Tuesday. By Samuel Agini; samagini@alliancenews.com; @samuelagini Copyright 2016 Alliance News Limited. All Rights Reserved.
Following on from our note earlier this month stating ICAP and Tullett Prebon's $1bn deal concerning the voice broking and information business of inter-dealer broker ICAP is in its final stages, yesterday ICAP said the bondholders had approved the sale. The sale will see a consortium led by US-based investment bank Goldman Sachs take over as administrators for the business.