Peel Hunt is acting as Joint Corporate Broker to TP ICAP PLC on its proposed acquisition of Liquidnet Holdings Inc., for total cash consideration of between US$575 million and US$700 million, comprising cash consideration of US$525 million (to be part financed by the issue of new equity by way of a rights issue to raise proceeds of approximately US$425 million), non-contingent deferred consideration of US$50 million and contingent consideration of up to US$125 million, as announced 9th October, 2020.
