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Tullett Prebon plc to acquire PVM Oil Associates Ltd

Friday, 9 May 2014 02:00am EDT 

Tullett Prebon plc:Agreement to acquire PVM Oil Associates Ltd and its subsidiaries.Total consideration for acquisition of equity of business, which has no debt, and which is estimated to have nil net working capital, is $160.0mln.Initial consideration is $112.0mln (66.1mln Pound) which will be satisfied through issue of new ordinary shares in Co.Deferred consideration of up to $48.0 mln (28.3 mln Pound) is subject to achievement of revenue targets in three years after completion. 

Company Quote

-1.6 -0.46%
6:43am EST