Additional Information
Market: LSE
Sector: General Financial
EPIC: TLPR
Latest Price: 325.80p  (0.45% Ascending)
52-week High: 434.90p
52-week Low: 258.00p
Market Cap: 708.98M
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Tullett Prebon
www.tullettprebon.com
Tullett Prebon operates as an intermediary in wholesale financial markets, facilitating the trading activities of its clients, in particular commercial and investment banks, hedge funds and buy-side institutions and has leading positions in global fixed income securities, money markets, capital markets, equities, credit and associated derivative products.
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Tullett Prebon confirms bid talks, shares surge 25%

10th Mar 2010, 4:40 pm Tullett Prebon confirms bid talks, shares surge 25%

In a statement to investors, Tullett Prebon (LSE: TLPR) noted recent press speculation and confirmed that it is in preliminary discussions with an unnamed third party, which may or may not lead to an offer being made for the entire issued share capital of the company.

The bid speculation drove the company’s shares higher on the London Stock Exchange, Tullett Prebon surged almost 25% to trade at around 386p per share just before the close.

Several press reports have linked a number of suitors to the inter-dealer broker including Australia’s Macquarie Group (ASX: MQG), the Bank of China (SHA:601988 ), the London Stock Exchange Group (LSE: LSE) and New York based GFI Group.

Tullett Prebon said that there is no certainty that an offer will be forthcoming and a further announcement will be made in due course.

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