The UK Competition and Markets Authority (CMA) today announces its decision that the merger of Intercontinental Exchange Inc (NYSE:ICE) and Trayport has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. As a result, the merger will be referred for a phase 2…
Read moreIn tune with LeapRate's earlier report, FXCM Asia, formerly a part of FXCM Inc (NYSE:FXCM) and currently a subsidiary of Rakuten Securities, has officially rebranded as Rakuten Securities Hong Kong Limited (Rakuten Securities HK). Led by the motto “Amplify Your Forex Trading Power”, the company now has a new logo and a new website –…
Read moreThe UK Competition and Markets Authority (CMA) on Wednesday updated its administrative timetable to extend the timescale for the publication of their provisional findings and possible remedies (if required) related to the investigation of the proposed merger of Ladbrokes and Coral. Gaming and betting provider Ladbrokes PLC (LON:LAD), which today published a Q1 2016 trading update,…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) announces today that it has acquired provider of a data analytics platform for hedge funds and prime brokers ENSO Financial Analytics (ENSO). The acquisition has been led by ICAP's FinTech investment incubator Euclid Opportunities, which. made its first investment in…
Read morePerhaps many of LeapRate's devoted readers remember how FXCM Inc (NYSE:FXCM) made a “bear hug” offer to acquire GAIN Capital Holdings, Inc. (NYSE: GCAP) back in April 2013. GAIN responded by announcing a “poison pill” defense – a stockholder rights plan aiming to defend the company against hostile takeovers... GAIN Capital made an announcement earlier today,…
Read moreThe UK Competition and Markets Authority (CMA) today announces the opening of an inquiry into the planned deal between ICAP plc (LON:IAP) and Tullett Prebon Plc (LON:TLPR). The watchdog is examining the proposed acquisition of ICAP's global wholesale broking and information business (IGBB) by Tullett and the planned acquisition of a 19.9% stake in Tullett by…
Read moreConfirming LeapRate's earlier report about TradeKing being for sale, the company announced today the signing of an acquisition agreement with Ally Financial Inc (NYSE:ALLY). Under the agreement, Ally Financial Inc will acquire an online broker/dealer, a digital portfolio management platform, and educational content and social collaboration channels. Ally is paying $275 million, subject to certain purchase…
Read moreA follow-up to LeapRate’s earlier report about the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP) by Tullett Prebon Plc (LON:TLPR)… After securing the approval of shareholders for the proposed deal, ICAP plc and ICAP Group Holdings plc today gained a nod of consent from the holders of the £125,000,000…
Read moreA brief follow-up to LeapRate's earlier report regarding the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP) by Tullett Prebon Plc (LON:TLPR)... At meetings held on March 24, 2016, shareholders in both companies approved the scheme of arrangement of the deal. The completion of the transaction remains subject to…
Read moreIt is no secret that realm of mergers and acquisitions is harsh and risky, associated with high expenses in case things go wrong... A recent example is provided by 888 Holdings Public Limited Company (LON:888) which abandoned the bidding race for bwin.party in September last year, incurring some heavy exceptional costs associated with this move. According…
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