Tullett Prebon shareholders approve Icap broking buy

Finalisation of the deal is contingent on regulatory approval

Power of speech: voice brokers remain vital for the effective operation of OTC markets

An overwhelming majority of Tullett Prebon shareholders approved its proposed acquisition of Icap's global hybrid voice-broking and information business (IGBB), including the iSwap and Fusion platforms, at the firm's annual general meeting on March 24.

Shareholders approved the link-up announced in November with a 94% endorsement. They also supported the issuance of 325 million new Tullett Prebon shares, which will be added to the 243 million currently outstanding.

The strategic review

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