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 yesterday stating ICAP and ICAP $1bn deal concerning the voice broking and information business of inter-dealer broker Tullett Prebon's is in its final stages, earlier this month ICAP said the bondholders had approved the sale. The agreement includes ICAP 's associated technology and broking platforms, namely iSwap and Fusion , and certain joint ventures of ICAP 's and its associates.