UniCredit Is Looking for Ways To Deploy Its Excess Capital via M&A LeapRate

March 13, 2024 BY Simon Mugo

UniCredit Is Looking for Ways To Deploy Its Excess Capital via M&A

Orcel emphasised the importance of business expansion and asserted that acquiring at the right price is preferable to merely distributing excess capital to shareholders. UniCredit stands out in the European banking landscape for its robust capital distribution strategy, incorporating share buybacks and cash dividends. This approach places the bank among the continent's most generous regarding…

March 24, 2016 BY Maria Nikolova

ICAP, Tullett Prebon shareholders approve transaction scheme

A 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…

February 23, 2016 BY Maria Nikolova

London Stock Exchange, Deutsche Boerse confirm merger talks

London Stock Exchange Group Plc (LON:LSE) and Deutsche Boerse AG (ETR:DB1) have just confirmed that they are in talks about a potential merger. The share prices of the two companies have seen a spike today following earlier press reports about the dubbed merger discussions. Key points: The official announcement from the companies states that the…

September 21, 2015 BY Maria Nikolova

Bitcoin firm BTCS and tech start-up Spondoolies seal definitive merger agreement

The announcement comes after in April this year the companies signed a Letter of Intent to merge, and later - in May, Spondoolies received investment worth $1.5 million from BTCS.

June 25, 2015 BY Mike Fox

Amercanex signs LOI to purchase data provider MJCharts

The acquisition will help enable Amercanex to continue to expand its’ ACE Marketplace application reach that will include providing streaming live pricing and charting for Amercanex Transacting Members, as well as for over 12,000+ MT4 brokers worldwide.

April 09, 2015 BY Maria Nikolova

FXCM sells Faros Trading to Jefferies for an undisclosed sum

FXCM unloads part of its institutional capabilities to 'cousin company' Jefferies LLC. Jefferies is owned by Leucadia, which bailed out FXCM in January.

March 18, 2015 BY Maria Nikolova

Merger talks between MGT Capital Investments, Tera Group put on hold

MGT Capital Investments, Inc. (NYSEMKT:MGT) has announced the suspension of merger talks with Tera Group, Inc., after the deadline set in the Letter of Intent, confined to the potential deal, expired on March 16, 2015. On February 27, 2015, the companies said they were planning a merger that would have to create the first publicly…

November 07, 2014 BY Andrew Saks-McLeod

LeapRate Exclusive: City Index CEO Mark Preston likely to stand down post-acquisition by GAIN Capital

Just less than one week after GAIN Capital purchased British CFD and spread betting company City Index for $118 million, an industry insider close to City Index has explained that incumbent CEO Mark Preston may stand down as CEO and Chairman post-integtration

October 08, 2014 BY Andrew Saks-McLeod

Intercontinental Exchange completes SuperDerivatives acquisition

Acquisitions of specialist companies by large multinationals are continuing, with ICE having paid $350 million in cash to acquire SuperDerivatives

September 09, 2014 BY Andrew Saks-McLeod

BGC makes a $675 million all-cash move to buy interdealer broker GFI Group

BGC's all-cash offer to purchase GFI exceeds the previous bid by CME to buy the firm for $580 million in July this year by a substantial sum

Tag: mergers and acquisitions