Icap concludes deal with EBS

The deal, announced last Friday, April 21, sees Icap pay $775 million in cash for EBS Group. However, the deal includes a share alternative option for EBS shareholders to switch up to one third of their cash consideration for new Icap shares. This could see the price go up to $825 million if the maximum option is taken up (see box, below).

Icap plans to combine EBS's electronic spot FX business with its existing e-broking division, encompassing fixed- income trading platform BrokerTec. EBS chief

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: