Brief: Tradeweb To Acquire Independent, Multi-Fund Investment Platform ICD

Tradeweb Markets

08/04/2024 11:38

April 8 (Reuters) - Tradeweb Markets Inc  TW.O :
    * TRADEWEB TO ACQUIRE ICD, A LEADING INDEPENDENT, MULTI-FUND
INVESTMENT PLATFORM FOR CORPORATE TREASURY PROFESSIONALS
    * TRADEWEB MARKETS INC: PROPOSED DEAL FOR $785 MILLION
    * TRADEWEB MARKETS INC - ACQUISITION IS EXPECTED TO BE
ACCRETIVE
TO TRADEWEB'S ADJUSTED EARNINGS PER SHARE IN FIRST 12 MONTHS
FOLLOWING CLOSING
    * TRADEWEB MARKETS INC - PURCHASE PRICE IS EXPECTED TO BE
FUNDED
WITH CASH ON HAND.
    * TRADEWEB MARKETS INC: UPON DEAL CLOSING, ICD'S CEO TORY
HAZARD
TO REPORT TO TRADEWEB PRESIDENT THOMAS PLUTA, WILL JOIN
TRADEWEB'S OPERATING COMMITTEE

Source text for Eikon:  ID:nBw51BLH2a 
Further company coverage:  TW.O 

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