RNS Number : 5666C
Tullett Prebon PLC
02 May 2012
2 May 2012
Tullett Prebon plc (the "Company")
Acquisition of Elevation LLC
The Company has reached agreement to acquire Elevation LLC, an equities and equity derivatives interdealer broker based in New York, for a consideration of $13.0m to be settled in cash on completion. The sellers of the business are Patrick Sheehan, Joseph Desena, Sarah T. Harris, Jonathan Tepper, William Cunliffe, Barton Asset Management, LLC, and PEAK6 Investments, L.P. The acquisition is expected to complete before the end of the first half of the year.
Enquiries:
Nigel Szembel, Head of Communications, Tullett Prebon plc
Direct: +44 (0)20 7200 7722
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