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 International 's $ 1bn agreement concerning the electronic broking and information business of inter - dealer broker ICAP is in its final stages , yesterday we said the bondholders had approved the sale . The agreement includes ICAP 's associated information and communications businesses , namely iSwap and Fusion , and certain joint ventures of ICAP 's and its associates .