2009-06-16: Forex Magnates Daily Updates

by Michael Greenberg
2009-06-16: Forex Magnates Daily Updates
  • ICAP (IAP.L), the world's premier interdealer broker, announced on Tuesday that it has agreed to acquire the transactions division of Ocean Tomo LLC, the leading Intellectual Capital Merchant Banc® firm, for an initial consideration of US$10 million at closing, comprising $5 million in cash and $5 million of restricted ICAP plc stock. Application will be made for the listing of 692,226 ordinary shares of 10p each which have been conditionally allotted as satisfaction for the stock consideration. The agreement also provides for a long term license to the Ocean Tomo brand and mutual referral. The transaction closed on 15 June, 2009. https://www.investegate.co.uk/Article.aspx?id=200906161000079574T
  • ICAP (IAP.L), the world's premier interdealer broker, announced on Tuesday that it has agreed to acquire the transactions division of Ocean Tomo LLC, the leading Intellectual Capital Merchant Banc® firm, for an initial consideration of US$10 million at closing, comprising $5 million in cash and $5 million of restricted ICAP plc stock. Application will be made for the listing of 692,226 ordinary shares of 10p each which have been conditionally allotted as satisfaction for the stock consideration. The agreement also provides for a long term license to the Ocean Tomo brand and mutual referral. The transaction closed on 15 June, 2009. https://www.investegate.co.uk/Article.aspx?id=200906161000079574T
About the Author: Michael Greenberg
Michael Greenberg
  • 1439 Articles
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About the Author: Michael Greenberg
  • 1439 Articles
  • 56 Followers

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