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Tradeweb To Acquire Trumid, Expanding Tradeweb’S Credit Capabilities Across The Entire Bond Lifecycle And Further Differentiating Its Multi-Asset Class Platform

By Reuters News

Oct 19 (Reuters) - Tradeweb Markets Inc TW.O:

  • TRADEWEB TO ACQUIRE TRUMID, EXPANDING TRADEWEB’S CREDIT CAPABILITIES ACROSS THE ENTIRE BOND LIFECYCLE AND FURTHER DIFFERENTIATING ITS MULTI-ASSET CLASS PLATFORM

  • TRADEWEB MARKETS - TO BUY TRUMID FOR $1.97 BILLION INCLUDING $220 MILLION TAX ASSETS

  • TRADEWEB MARKETS INC: PROPOSED DEAL FOR PURCHASE PRICE OF APPROXIMATELY $1.97 BILLION

  • TRADEWEB MARKETS - ACQUISITION EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS WITHIN FIRST FULL YEAR AFTER CLOSING

  • TRADEWEB MARKETS - DEAL CONSIDERATION INCLUDES $1.89 BILLION CASH AND $82 MILLION EQUITY

  • TRADEWEB MARKETS INC: CASH PORTION OF CONSIDERATION IS EXPECTED TO BE FUNDED PRIMARILY THROUGH CASH ON HAND

Further company coverage: TW.O

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