By Samuel Agini; samagini@alliancenews.com; @samuelagini 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.
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.